2011 House Bill 4102

Cut tax on business tools and equipment

Introduced in the House

Jan. 18, 2011

Introduced by Rep. Mark Meadows (D-69)

To reduce in half the so-called “personal property tax,” which is regular property taxes imposed by the state, schools and local governments on the tools and equipment owned or leased by a business (subject to many special interest exceptions and exemptions carved out by the legislature over several decades).

Referred to the Committee on Tax Policy