2015 House Bill 4557 ↩

Senate Roll Call 316: 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 amends details of the law that authorizes local governments to grant property tax abatements to particular businesses so that it conforms with the 2014 reforms. The “personal property tax” is property taxes that are imposed on business tools and equipment.