HB07176: An Act Concerning Sales And Use Taxes Related To Certain Vehicles And Aircraft Industry Joint Ventures, The Dedication Of A Portion Of The Meals Tax Revenue And The Dues Tax Threshold.

Legislative Summary

To (1) increase the sales price threshold of motor vehicles subject to a higher sales and use taxes rate, (2) dedicate a portion of the revenue generated from the meals tax to the Tourism Fund, (3) extend a sales and use taxes exemption for certain joint ventures within the aircraft industry, (4) exempt from the sales and use taxes the sale of and the storage, use or other consumption in this state of ambulance-type motor vehicles and ambulances, and (5) increase the threshold for imposition of the dues tax.