Introduced
by
To revise details of the “Plant Rehabilitation and Industrial Development Act” to accommodate the proposal in Senate Bills 1069 to 1072 to cut the property tax that manufacturers currently pay on business tools and equipment (called the “personal property tax”), and eliminate it for smaller non-manufacturing businesses.
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill pass.
Amendment offered
by
The amendment passed by voice vote
Passed in the Senate 23 to 14 (details)
Referred to the Committee on Tax Policy
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
The substitute passed by voice vote
Amendment offered
by
To reimpose the tool and equipment tax on industrial plants if the legislature fails to appropriate replacement revenue to local governments.
The amendment failed by voice vote
Amendment offered
by
To postpone by one year the key provision of this bill.
The amendment failed by voice vote
Amendment offered
by
To make the bill's provisions contingent on approval by voters of a measure earmarking a portion to the state use tax to replacing local government revenue foregone by cutting the property tax on business tools and equipment.
The amendment passed by voice vote
Passed in the House 57 to 52 (details)
To revise details of the “Plant Rehabilitation and Industrial Development Act” to accommodate the proposal in Senate Bills 1069 to 1072 to cut the property tax that manufacturers currently pay on business tools and equipment (called the “personal property tax”), and eliminate it for smaller non-manufacturing businesses.
Passed in the Senate 25 to 13 (details)
To concur with the House-passed version of the bill.
