HB1400: Retail Sales and Use Tax; commercial and industrial exemptions, extends sunset date.

Legislative Summary

Retail sales and use tax; commercial and industrial exemptions; sunset. Extends the sunset from July 1, 2024, to June 30, 2025, for the retail sales and use tax exemption of certain materials and equipment used in the drilling, extraction, or processing of natural gas or oil and the reclamation of the well area.