Introduced
by
To clarify the definition of "special tools" which are exempt from personal property tax. "Special tools" are dies, jigs, fixtures, molds, patterns, gauges, or other tools that are used in manufacturing, and are of such a specialized nature that their utility will end if the product is discontinued. The personal property tax is a tax on the tools and equipment that businesses use to provide goods and services. The bill was introduced because recent tax commission rulings have caused the tax to be applied to tools which had previously been exempt.
Referred to the Committee on Commerce
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one which incorporates technical changes that do not affect the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the House 83 to 24 (details)
Referred to the Committee on Commerce and Labor
Reported without amendment
With the recommendation that the substitute (S-2) be adopted and that the bill then pass.
Substitute offered
To use the bill a legislative "vehicle." See Senate-passed version.
The substitute passed by voice vote
Passed in the Senate 37 to 0 (details)
To use the bill a legislative "vehicle" to make retroactive to Dec. 31, 2003, the definition of "special tools" established by Senate Bill 811, now Public Act 274 of 2003, which was the same bill as the introduced version of this one, but did not become effective until Jan. 9, 2004. The bill also clarifies the procedure for claiming a special tool tax exemption.
Passed in the House 79 to 25 (details)
