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HB 27 Lowers temporary sales rate from 1% to .33%
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LHBA LEGISLATIVE UPDATE

HB 27 was heard in Senate Revenue and Fiscal Affairs Committee last night.  HB 27 was heavily amended against the author's and House leadership's wishes.  In the current form of the bill, installation of tangible personal property is no longer exempt from sales tax.  An appliance installation is an example of tangible personal property installed.  Manufacturing machinery and equipment is also no longer exempt from sales tax. Business utilities are also amended to the entire 4.33% state sales tax.

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