Mon., Feb. 16, 2015
House Rev & Tax passes bill to exempt road materials from sales tax
The House Revenue & Taxation Committee has voted unanimously in favor of HB 95, Sen. Jim Rice’s bill to exempt materials used in public roads from sales tax, sending the bill to the full House. The idea behind the measure is that the tax break would lower the bids contractors submit for public road work, allowing the state to do millions more in work each year. Wayne Hammon, head of the Associated General Contractors, told the committee, “We believe that it’d be a good step forward.” No one spoke against the bill, which was approved on a voice vote.