2005 Senate Bill 290

Establish personal property exemption

Introduced in the Senate

March 8, 2005

Introduced by Sen. Ron Jelinek (R-21)

To exempt the first $1,000 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 Finance