Under existing law, the state levies a sales or use tax on purchases of tangible personal property depending on the manner in which the tangible personal property is acquired. The tax rates and exemptions for both taxes are similar. This bill would make a technical revision to the use tax exemption statute to ensure that recently enacted exemptions from sales and use taxes are included in the statute and the exemptions for both taxes continue to be similar.

Statutes affected:
Introduced: 40-23-62, 40-23-62