Public authority sales

From the 2024 DOR Tax Exemption Study

82.08.995; 82.12.995 - Public authority sales Description Tangible personal property and services provided by a public corporation, commission, or authority are exempt from sales and use taxes when sold to: - A limited liability company in which the public corporation is the managing member. - A limited partnership in which the public corporation is the general partner. - A single-asset entity required by a federal, state, or local housing assistance program and directly or indirectly controlled by the public corporation. Purpose Minimizes the tax burden for companies receiving federal grants for low-income housing authorities. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes CTI CTI CTI CTI Local Taxes CTI CTI CTI CTI Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 CTI CTI CTI Local Taxes $0.000 CTI CTI CTI Assumptions This exemption impacts fewer than three taxpayers; any impacts are confidential. Data Sources Financial statements from qualified taxpayers Additional Additional Information Information Category: Government Y