Regional Transportation Authority Sales & Use Tax Exemption

The act establishes a sales and use tax exemption for contractors and subcontractors that purchase, store, use, or consume construction and building materials for use in the building, erection, alteration, or repair of structures owned and used by a regional transportation authority (authority) to house authority employees or contractors. The act authorizes an authority or an authority's board to build, erect, alter, or repair such structures for the purpose of housing employees or contractors of an authority. (Note: This summary applies to this bill as enacted.)