Interstate toll bridge deferral

From the 2024 DOR Tax Exemption Study

47.87.150 - Interstate toll bridge deferral Description Any person involved in the construction of an interstate toll bridge may apply for deferral of state and local sales and use taxes on the site preparation for, the construction of, the acquisition of any related machinery and equipment that will become a part of, and the rental of equipment for use in, the bridge. The department will issue a sales and use taxes deferral certificate for state and local sales and use taxes imposed on the bridge. The deferred taxes will be repaid in the fifth year after the date the department certifies the bridge as operationally complete. Purpose To provide relief for construction projects aimed at replacing aging interstate toll bridges. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing this deferral would not increase revenue because, currently no taxpayers exemption use it. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions No taxpayers currently us