Introduced
by
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 amends details of the law that authorizes local governments to grant “industrial facility” tax breaks to particular businesses so that it conforms with the 2014 reforms. 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 106 to 4 (details)
Referred to the Committee on Finance
Reported without amendment
With the recommendation that the bill 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 amends details of the law that authorizes local governments to grant “industrial facility” tax breaks to particular businesses so that it conforms with the 2014 reforms. The “personal property tax” is property taxes that are imposed on business tools and equipment.
