Machine Tool Sales Tax Exemption For Scrap Metal
| Type | Bill |
|---|---|
| Session | 2018 Regular Session |
| Subjects |
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.
Bill Summary:
Sales and use tax - machinery and machine tools - processing scrap metal. 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 act 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 act makes an appropriation.
(Note: This summary applies to this bill as enacted.)
Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 04/27/2018 | PA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1350 to the Committee of the Whole and with a recommendation that it be placed on the consent calendar. | The motion passed on a vote of 7-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1350 to the Committee on Appropriations. | The motion passed on a vote of 5-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment J.001 | The motion passed on a vote of 8-5. | Vote summary |
| Refer House Bill 18-1350, as amended, to the Committee of the Whole. | The motion passed on a vote of 10-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1350 to the Committee on Appropriations. | The motion passed on a vote of 13-0. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 18-1350 to the Committee on Finance. | The motion passed on a vote of 11-0. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 05/04/2018 | Third Reading | BILL |
34
AYE
0
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 04/30/2018 | Third Reading | BILL |
53
AYE
10
NO
2
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 06/06/2018 | Governor | Governor Signed |
| 05/18/2018 | Governor | Sent to the Governor |
| 05/18/2018 | Senate | Signed by the President of the Senate |
| 05/17/2018 | House | Signed by the Speaker of the House |
| 05/04/2018 | Senate | Senate Third Reading Passed - No Amendments |
| 05/03/2018 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 05/03/2018 | Senate | Senate Committee on Appropriations Refer Unamended - Consent Calendar to Senate Committee of the Whole |
| 05/02/2018 | Senate | Senate Committee on Finance Refer Unamended to Appropriations |
| 04/30/2018 | Senate | Introduced In Senate - Assigned to Finance |
| 04/30/2018 | House | House Third Reading Passed - No Amendments |
| 04/27/2018 | House | House Second Reading Special Order - Passed with Amendments - Committee |
| 04/27/2018 | House | House Committee on Appropriations Refer Amended to House Committee of the Whole |
| 04/18/2018 | House | House Committee on Finance Refer Unamended to Appropriations |
| 04/10/2018 | House | House Committee on Business Affairs and Labor Refer Unamended to Finance |
| 04/02/2018 | House | Introduced In House - Assigned to Business Affairs and Labor + Appropriations |
Prime Sponsor
Sponsor
Co-Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 08/08/2018 | 388 | Machine Tool Sales Tax Exemption For Scrap Metal |