2012 House Bill 6050

Business tools and equipment tax reform package

Introduced in the House

Nov. 28, 2012

Introduced by Rep. Frank Foster (R-107)

To revise details of the “Plant Rehabilitation and Industrial Development Act” to accommodate the proposal in House Bills 6051 and 6052 to cut or eliminate the property tax businesses currently pay on their tools and equipment (called the “personal property tax”).

Referred to the Committee on Tax Policy