Reference is to Printer's Date 5/19/16-H.
Amend the bill, as and if amended, by striking SECTION 2 and inserting:
/ SECTION 2. A. Section 12-36-2120(17) of the 1976 Code is amended to read:
"(17) machines used in manufacturing, processing, agricultural packaging, recycling, compounding, mining, or quarrying tangible personal property for sale. 'Machines' include the parts of machines, attachments, and replacements used, or manufactured for use, on or in the operation of the machines and which (a) are necessary to the operation of the machines and are customarily so used, or (b) are necessary to comply with the order of an agency of the United States or of this State for the prevention or abatement of pollution of air, water, or noise that is caused or threatened by any machine used as provided in this section. This exemption does not include automobiles or trucks. As used in this item 'recycling' means a process by which materials that otherwise would become solid waste are collected, separated, or processed and reused, or returned to use in the form of raw materials or products, including composting, for sale. In applying this exemption to machines used in recycling, the following percentage of the gross proceeds of sale, or sales price of, machines used in recycling are exempt from the taxes imposed by this chapter:
Fiscal Year of Sale
Percentage
Fiscal year 1997-98
fifty percent
After June 30, 1998 one
hundred percent;"
B. This section takes effect July 1, 2016.
SECTION 3. Except where specified otherwise, this act takes effect upon approval by the Governor. SECTION 1 applies to tax years beginning after 2015. /
Renumber sections to conform.
Amend title to conform.