General Assembly Substitute Bill No. 941
January Session, 2013 *_____SB00941CE_FIN031313____*
General Assembly
Substitute Bill No. 941
January Session, 2013
*_____SB00941CE_FIN031313____*
AN ACT CONCERNING SALES AND USE TAX RELIEF BY THE DEPARTMENT OF ECONOMIC AND COMMUNITY DEVELOPMENT.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
Section 1. (NEW) (Effective July 1, 2013) Sales of and the storage, use or other consumption of any tangible personal property or services acquired for incorporation into or used and consumed in connection with the development, construction, rehabilitation, renovation or repair of a project, as defined in subsection (d) of section 32-23d of the general statutes, that (1) has a total cost of not more than two million five hundred thousand dollars, and (2) has been approved by the Commissioner of Economic and Community Development for sales and use tax relief in accordance with procedures adopted by the commissioner shall, subject to any limitations or conditions of such approval, be exempt from sales and use taxes imposed by chapter 219 of the general statutes. The commissioner may deliver a certificate, in such form as the commissioner may prescribe, to the effect that the sale of such tangible property or services is exempt from sales and use taxes imposed by chapter 219 of the general statutes, which certificate may be used in the purchase of such tangible personal property or services and on which certificate each seller of such tangible personal property or services may rely. The commissioner shall develop any such certificate in collaboration and consultation with the Commissioner of Revenue Services.
This act shall take effect as follows and shall amend the following sections:
Section 1 July 1, 2013 New section
This act shall take effect as follows and shall amend the following sections:
Section 1
July 1, 2013
New section
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Joint Favorable Subst. C/R
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