2003 Senate Bill 811 ↩

House Roll Call 799: Passed

To clarify the definition of "special tools" which are exempt from personal property tax. "Special tools" are dies, jigs, fixtures, molds, patterns, gauges, or other tools that are used in manufacturing, and are of such a specialized nature that their utility will end if the product is discontinued. The personal property tax is a tax on the tools and equipment that businesses use to provide goods and services. The bill was introduced because recent tax commission rulings have caused the tax to be applied to tools which had previously been exempt.