2005 House Bill 4063

Tax exemption for certain business equipment

Introduced in the House

Jan. 27, 2005

Introduced by Rep. Rick Jones (R-71)

To exempt the first $25,000 of “personal property” owned by a business from the personal property tax, which is a tax on the tools and equipment of a business and is levied at the same rate as regular property taxes on real property (land and buildings).

Referred to the Committee on Tax Policy