2015 Regular Session
|At the request of:||(at the request of House Interim Committee on Revenue)|
|Bill Title:||Relating to taxation of certain art transactions; prescribing an effective date; providing for revenue raising that requires approval by a three-fifths majority.|
Imposes sales tax on sales in this state of works of art having sales prices of $250,000 or higher.
Imposes use tax on storage, use or other consumption in this state of works of art having sales price of $250,000 or higher. Requires Department of Revenue to adopt rules for reporting, collecting and refunding sales and use taxes. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||May Have Fiscal Impact, But No Statement Yet Issued|
|Revenue Impact:||May Have Revenue Impact, But No Statement Yet Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|
|Potential Conflicts of Interest/Vote Explanations:||Potential Conflicts of Interest/Vote Explanation Documents|