2015 House Bill 4555 ↩

Senate Roll Call 314: 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. This bill is part of a package comprised of House Bills 4553 to 4558, and would revise the basis on which a so-called “alternative services” tax is levied, which is a device the 2014 reform 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.