|BILL AS INTRODUCED||2007-2008|
Introduced by Representative Klein of East Montpelier
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
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mineral processing) is repealed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 This subdivision is repealed July 1, 2009.
The Vermont General Assembly
115 State Street