SB 30 Includes Chapter 100 Sales Tax Exemption

May 8, 2007 - After much discussion and negotiation with legislative leaders and the administration, we developed compromise language that allows the Department of Economic Development to approve an exemption from sales tax for Chapter 100 projects.

A MEDC legislative priority, the original proposal would have exempted all sales and leases by the municipality to a business under a Chapter 100 arrangement from sales tax. The compromise language allows the same exemption, but only if approved by DED. This language accomplishes the MEDC's goal and preserves accountability that was sought by the administration.

The Conference Committee for SB 30, led by Senator Gary Nodler and Rep. Bryan Stevenson, approved the substitute bill today. The bill must now be approved by the full Senate and then the full House.