Creates a sales and use tax exemption for manufacturers of railroad rolling stock.
Exempts railroad rolling stock from sales and compensating use taxes; defines "railroad rolling stock" as a device, which is used exclusively upon stationary rails or tracks to transport goods, commodities, or equipment, including, but not limited to, flat cars, box cars, gondolas, hopper cars, or other freight railroad cars.
Carries-over to 2024. Pending Committee action.
03/23/2023 Referred to Assembly Committee on Ways and Means.