Bill
HF 2132
Overview: HF 2132 - Monticello; refundable sales and use tax exemption provided for construction materials for a water treatment facility.Purpose and Intent: This bill provides a r
Overview: HF 2132 - Monticello; refundable sales and use tax exemption provided for construction materials for a water treatment facility.
Purpose and Intent: This bill provides a refundable sales and use tax exemption for construction materials used in the building of a new water treatment facility in the city of Monticello.
Key Provisions:
- Establishes a refundable sales and use tax exemption for construction materials, equipment, and supplies used in the construction of a new water treatment facility in Monticello
- Requires the city to apply for the exemption and provide documentation of the eligible purchases
- Specifies that the exemption applies to the state sales and use tax, but not to any local or municipal sales taxes
Affected Parties and Impacts:
- The city of Monticello will benefit from the tax savings, which can be used to offset the costs of the water treatment facility project
- Businesses and contractors involved in the construction of the facility will also see a reduction in their tax burden
Procedural and Timeline Considerations:
The bill has been introduced and received its first reading, and has been referred to the Taxes committee for further consideration. If passed, the tax exemption would be available for the duration of the water treatment facility construction project.
Compiled from official sources — confirm details with the bill’s official record.
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