2015 House Bill 4553 ↩

Senate Roll Call 312: Passed

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, but not for larger commercial enterprises. This bill is part of a package comprised of House Bills 4553 to 4558, and would revise business reporting requirements and extend the new law’s tax exemptions to personal property not yet in use. The “personal property tax” is property taxes that are imposed on business tools and equipment.