2015 House Bill 4556 ↩

Senate Roll Call 315: 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 details of a “Local Community Stabilization Authority,” which is a device the 2014 reform used 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.