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Subcommittee backs negative recommendation for extension of building‑materials sales‑tax exemption for warehouses
Summary
After adopting an amendment, the revenue subcommittee voted 5–0 to recommend against Senate Bill 20-42 as amended, which would extend through Dec. 31, 2032 a sales-and-use-tax exemption for qualified building materials used on warehouse and distribution facility projects; a $7.4 million first-year fiscal note was cited.
Senator Taylor explained that the amended Senate Bill 20-42 extends, until Dec. 31, 2032, the sales-and-use-tax exemption for qualified building materials used in capital investment projects tied to new or expanded warehouse and distribution facilities and sets Oct. 1, 2026 as the new deadline for extension applications. "What this bill does, mister chairman, is it extends until 12/31/2032, the sales and use tax exemption for qualified building materials used in capital investment projects," Senator Taylor told the subcommittee.
The committee adopted Amendment 13616 on a motion by the chair and a second by Senator Wally. The chair later noted a foregone state revenue of $7,400,000 in the first year for the amended bill. Senator Powers moved a negative recommendation, seconded by the chair, and the subcommittee voted 5–0 to send the bill to full finance with a negative recommendation.
