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Business tax for mac 201511/15/2023 This exemption amounts to $11 million over the biennium. JFC created a sales and use tax exemption for goods sold to construction contractors for school, municipal and nonprofit facility projects. Under the budget bill, the governor’s tax credit increase will be delayed, by moving all the payments back one cycle, leaving one payment to the fiscal year after the biennial budget, effectively freeing up $105 million GPR for the 2015-2017 budget for K-12 education. The governor proposed cutting property taxes by increasing state spending on the school levy tax credit by $211 million over two years.
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