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 and Labor
Reported without amendment
With the recommendation that the substitute (S-4) 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 Senate 38 to 0 (details)
Referred to the Committee on Commerce
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Amendment offered
by
To limit the scope of the special tools personal property tax exemption by narrowing the definition of a special tool.
The amendment failed 42 to 67 (details)
Passed in the House 81 to 24 (details)
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.
