To simplify the administration and application of various tax statutes.   Official Text and Analysis.

To make numerous technical but nonsubstantive changes to the tax code, including the repeal of obsolete sections, correction of inaccurate cross references, the reordering of statutory cross references within code sections, simplification of language, and the consolidation of definitions and exemptions. Sixty-two use tax exemptions are repealed and incorporated into one section that refers to the comparable sales tax exemption. The expiration date for the business and occupation tax credit for investment related to design and preproduction development computer software and hardware used in the design and development of commercial airplanes is changed from July 1, 2024, to July 1, 2006, because all available credit will have been claimed by then. The county and municipal sales and use tax equalization accounts, the distressed county assistance account, and the city police and fire protection assistance account that became obsolete when the state motor vehicle excise tax was repealed are eliminated and any remaining monies are transferred to the city-county assistance account created in 2005. The authority for DOR to designate the Department of Licensing and county auditors as collection agents for the state for use tax owed on snowmobiles and vessels and extended warranties and maintenance agreements on these items is clarified.