The Bureau of Revenue Services within the Department of Administrative and Financial Services will incur some minor additional costs to implement these sales tax changes. These costs can be absorbed within the bureau's existing budgeted resources.

SUMMARY

This bill extends the sales tax exemption for vehicles purchased by nonresidents to include leases of vehicles to nonresidents. The bill amends the sales tax exemption for watercraft used in interstate or foreign commerce by extending the time period within which the watercraft must be put to use in interstate or foreign commerce if the watercraft is not capable of use for that purpose.