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House Transportation hears presentation on S.46 to expand tax exemptions for forestry vehicles
Summary
Senator White presented S.46, a bill that would expand purchase/use tax and sales-tax exemptions for certain forestry vehicles and repair parts, set a 50% tax reduction for specified heavy vehicles, and include a sunset provision extending to 2028.
Senator White, a lead sponsor of S.46, told the House Transportation Committee on April 24 that the bill would expand tax exemptions for vehicles and repair parts used in forestry operations to help a struggling forest-products sector. "We have a forestry industry that is struggling," she said, and the bill seeks to include in exemptions vehicles that transport forest products in addition to on-site harvesting equipment.
The bill, as passed by the Senate, would reduce the final tax imposed by the chapter by 50% for specified motor vehicles and their repair parts used for timber cutting, removal and processing; examples listed in the bill include semi-trailers, tractors, truck cranes, truck tractors, trailers, motor trucks and motor vehicles with a manufacturer's listed…
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