House Bill 1350
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DIGEST OF INTRODUCED BILL
Sales and use taxes. Provides that a person may not claim a race horse unless the person has on deposit with a permit holder an amount sufficient to pay the use tax on the claimed horse. Provides for the collection and remittance of the use tax on claimed horses for claiming transactions occurring after June 30, 2013. Provides that when a race horse is claimed for a subsequent time, the use tax rate is applied to the increase in the claiming price from the previous claiming transaction, if any. Requires the department of state revenue to establish an amnesty program for collecting the use tax on claiming transactions occurring before June 1, 2012.
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| ||In Committee - first House|