Introduced
by
To allow local governments to choose not to collect property tax on the tools and equipment owned by a business if the total value is less than $4,000. Also, to require a local government to file a circuit court petition when this so-called “personal property tax” that has been levied on a particular business remains uncollected for two years, petitioning that the amount be stricken from the tax rolls. Under current law they don’t have to file this petition for five years.
Referred to the Committee on Tax Policy
