HB18-1350

HB18-1350 - Machine Tool Sales Tax Exemption For Scrap Metal

Passed/Signed into Law
Concerning the sales and use tax treatment of equipment used to manufacture new metal stock from scrap or end-of-life-cycle metals, and, in connection therewith, making an appropriation.

Purchases of machinery or machine tools to be used in Colorado directly and predominantly in manufacturing tangible personal property are currently exempt from state sales and use tax. Manufacturing is currently defined to include the processing of recovered materials. The bill expands the definition of recovered materials to include materials that have been derived from scrap metal or end-of-life-cycle metals for remanufacturing, reuse, or recycling into new metal stock that meets applicable standards for metal commodities sales. The bill makes an appropriation.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

Latest update: June 6, 2018
06/06/2018 - Governor Signed
05/18/2018 - Sent to the Governor
05/18/2018 - Signed by the President of the Senate
05/17/2018 - Signed by the Speaker of the House
05/04/2018 - Senate Third Reading Passed - No Amendments
05/03/2018 - Senate Second Reading Special Order - Passed - No Amendments
05/03/2018 - Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole
05/02/2018 - Senate Committee on Finance Refer Unamended to Appropriations
04/30/2018 - Introduced In Senate - Assigned to Finance
04/30/2018 - House Third Reading Passed - No Amendments
04/27/2018 - House Second Reading Special Order - Passed with Amendments - Committee
04/27/2018 - House Committee on Appropriations Refer Amended to House Committee of the Whole
04/18/2018 - House Committee on Finance Refer Unamended to Appropriations
04/10/2018 - House Committee on Business Affairs and Labor Refer Unamended to Finance
04/02/2018 - Introduced In House - Assigned to Business Affairs and Labor + Appropriations