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Senate advances semiconductor input tax exemption with reporting, benchmarks
Summary
Senate Bill 174 would exempt semiconductor-processing inputs from sales tax but requires quarterly reporting and performance benchmarks, including a proposed workforce increase milestone; the bill was advanced to third reading with sponsor assurances on intent language and reporting.
Senate Bill 174, introduced and explained on the floor Feb. 19, would exempt certain inputs used in semiconductor fabrication from sales and use taxes while requiring regular reporting and performance milestones to evaluate whether the exemption produces the intended economic benefits.
Sponsor Senator Bramble told the chamber the bill follows a tax-policy principle of not taxing manufacturing inputs and that the exemption is…
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