SB1262 — AN ACT REDUCING THE SALES AND USE TAXES FOR CERTAIN GOODS USED IN NEW HOUSING CONSTRUCTION.

SB1262 — AN ACT REDUCING THE SALES AND USE TAXES FOR CERTAIN GOODS USED IN NEW HOUSING CONSTRUCTION. · Informed CitizenryThis bill proposes to reduce the sales and use tax from the standard rate of 6.35% to 3% for tangible personal property purchased for the construction of new residential development projects. To qu…Open in Informed Citizenry