community colleges;
universities; Indian reservations
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Committee on Native American Affairs |
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Committee on Education |
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Caucus and COW |
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Third Read |
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As Passed the House |
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HB 2052 amends title 15 relating to higher education institutions, facilities and programs on Indian reservations.
A strike-everything amendment that relates
to a tax exemption for prime contracting companies that operate on Indian
reservations will be offered in the Native American Affairs Committee.
· Creates a transaction privilege, sales or other similar tax exemption for prime contracting companies that construct assets to provide electric transmission services on an Indian reservation.
· Requires the amount of the credit that the Indian tribe allows to equal at least fifty per cent of the tax that is levied by the state.
· Requires the taxpayer to claim the credit on forms prescribed and furnished by the Department of Revenue.
· States that if the taxpayer fails to pay the tax due, plus any estimated tax liability, the taxpayer will not be allowed to claim the credit.
· Defines contracting credit, electric transmission service, Indian tribe and prime contracting on the Indian reservation.
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45th Legislature
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Second Regular Session 2 March
20, 2002
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