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Committee backs drafting a bill to let large projects amortize state sales and use taxes
Summary
Lawmakers asked staff to prepare an updated draft of a 2021 proposal (SF 61) allowing amortization of certain sales-and-use taxes for large projects, limiting amortization to state shares and requiring lien/surety protections; committee discussed whether local governments should be able to opt in.
The Minerals, Business & Economic Development Committee asked staff to prepare a revised draft of a sales‑and‑use tax amortization bill previously considered in 2021, a proposal intended to help very large projects spread upfront sales and use tax obligations over time.
Staff member Brian Grenbick reviewed the prior concept: qualifying projects would have expenditures exceeding $5 million in…
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