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BILL AS INTRODUCED 2007-2008

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H.558

Introduced by Representative Klein of East Montpelier

Referred to Committee on

Date:

Subject:  Taxation; waste facility franchise tax; extension of sunset

Statement of purpose:  This bill proposes to extend the sunset on the waste facility franchise tax exemption for mining waste.

AN ACT RELATING TO WASTE FACILITY FRANCHISE TAX EXEMPTION FOR MINING WASTE

It is hereby enacted by the General Assembly of the State of Vermont:

Sec. 1.  Sec. 6 of No. 65 of the Acts of 2005 is amended to read:

Sec. 6.  SUNSET

32 V.S.A. § 5953(7) (tax exemption for solid waste from mining, extraction, or mineral processing) is repealed on June 30, 2008 July 1, 2009.

Sec. 2.  32 V.S.A. § 5953 is amended to read:

§ 5953.  EXEMPTIONS

The following shall not be subject to the tax imposed by section 5952 of this title:

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(7)  solid waste resulting from mining, extraction, or mineral processing operations delivered to a facility certified solely for the treatment, storage, recycling, or disposal of such waste.  This subdivision is repealed July 1, 2009.



Published by:

The Vermont General Assembly
115 State Street
Montpelier, Vermont


www.leg.state.vt.us