Bill Status of HB5699 99th General Assembly
Short Description: OCC TX-GOODWILL
Rep. Jack D. Franks - Norine K. Hammond - Thomas M. Bennett and Jehan Gordon-Booth
| 1/10/2017||House||Session Sine Die|
Statutes Amended In Order of Appearance
Synopsis As Introduced
Amends the Use Tax Act, the Service Use Tax Act, the Service Occupation Tax Act, and the Retailers' Occupation Tax Act. Provides that repair and replacement parts transferred as part of a goodwill repair of exempt farm machinery and equipment are also exempt from the taxes imposed under the Acts.