House Sponsors: WAIT. Short description: USE TAX-ROLLNG STOCK EXEMPTION Synopsis of Bill as introduced: Amends the Use Tax Act and the Service Use Tax Act. Provides that if tangible personal property is not used as rolling stock in any anniversary year following the purchase of the tangible personal property but is used as rolling stock in another anniversary year or years following the purchase of the tangible personal property, the tangible personal property shall be eligible for a partial rolling stock exemption. Provides that tangible personal property shall be deemed to have fully qualified for the rolling stock exemption if the tangible personal property is used as rolling stock moving in interstate commerce for 3 anniversary years following the purchase of the tangible personal property. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: JAN-07-2003 Location: House Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status