Monday, May 14, 2012

Governor Signs Sales Tax Exemption for Windows of DAV

SB 46 extends the sales tax exemption to non-remarried surviving spouses of disabled veterans and caps the exemption at 6,000.00 per year.
The Tax Commission estimates the direct revenue impact from the extended exemption to be $405,000 in FY-12 and $706,000 in FY-13 and thereafter. Sales tax revenue is apportioned to the General Revenue Fund, the Education Reform Revolving Fund, and the Teachers’ Retirement System and to two Tourism and Recreation revolving funds.

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