2019 House Bill 4928 ↩

Senate Roll Call 326: Passed

To revise methods used by local governments to calculate the taxable value of commercial tools and equipment ("personal property) and industrial property for purposes of receiving state reimbursements of taxes that are foregone to locals under a complex system of exemptions and subsidies for property taxes that are levied on these assets. This bill applies to millages levied for school operating expenses, and is part of a package comprised of House Bills 4926 to 4930.