Introduced
To revise details of the personal property tax reforms approved by voters in August 2014, which lowered or eliminated this tax for industrial firms and most small businesses. This bill is part of a package comprised of House Bills 4553 to 4558, and would revise details of a “Local Community Stabilization Authority,” which is a device the 2014 reform used to shift the burden of this business tax cut from local governments to the state. The “personal property tax” is property taxes that are imposed on business tools and equipment.
Referred to the Committee on Tax Policy
Reported without amendment
Without amendment and with the recommendation that the bill pass.
Passed in the House 109 to 1 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Passed in the Senate 37 to 0 (details)
To revise details of the personal property tax reforms approved by voters in August 2014, which lowered or eliminated this tax for industrial firms and most small businesses. This bill is part of a package comprised of House Bills 4553 to 4558, and would revise details of a “Local Community Stabilization Authority,” which is a device the 2014 reform used to shift the burden of this business tax cut from local governments to the state. The “personal property tax” is property taxes that are imposed on business tools and equipment.
Passed in the House 108 to 1 (details)
To concur with the Senate-passed version of the bill.
