Assembly Bill 419 proposes a sales and use tax exemption specifically for ski lifts and the machinery and equipment used exclusively to operate these lifts. The bill renumbers the existing statute 77.54 (58) to 77.54 (58) (a) and creates a new subsection, 77.54 (58) (b), which explicitly states that the sales price from the sale, storage, use, or consumption of ski lifts and related equipment, including accessories and parts, will be exempt from sales and use tax. This aligns with the current exemption for snowmaking and snow-grooming equipment already in place.

The bill is introduced by a group of representatives and senators and has been referred to the Committee on Ways and Means. Given that it pertains to tax exemptions, it may also be reviewed by the Joint Survey Committee on Tax Exemptions, which will provide a report to accompany the bill. The changes proposed in this legislation are set to take effect on the first day of the third month following its publication.