SB 437
Provides tax exemptions for certain property sales and leases by port authorities
Sponsor:
LR Number:
2200S.01I
Last Action:
5/17/2019 - Formal Calendar S Bills for Perfection--SB 437-Hoskins
Journal Page:
Title:
Calendar Position:
16
Effective Date:
August 28, 2019

Current Bill Summary

SB 437 - Current law exempts from taxation notes and bonds issued by port authorities. This act provides that sales and leases of both real and personal property by or to any port authority involving the issuance of tax exempt bonds shall also be exempt from taxation.

This act is identical to HB 1061 (2019) and to a provision contained in HCS/SB 371 (2019) and HCS/SB 468 (2019), and is substantially similar to a provision contained in CCS/SB 368 (2019).

JOSHUA NORBERG

Amendments

No Amendments Found.