2005 House Bill 4972 ↩

Senate Roll Call 512: Passed

To authorize a nonrefundable Single Business Tax credit equal to either 10 percent or 20 percent (depending on when the property was purchased) of the property taxes paid by businesses to the state and local governments on industrial (but not commercial) tools and equipment ("personal property tax"). It also authorizes temporary personal property tax credits that are larger. The bill is part of a tax revision package that trades off tax cuts with certain increased tax levies and other measures to create a net business tax cut. See Senate Bill 633.