Introduced by Sen. Jack Brandenburg (R) on September 12, 2013 To revise details of a 2012 law that gradually phases out a so-called “personal property tax” that imposes annual property taxes on tools and equipment owned by “industrial” firms. The bill would revise details of the definition of what property is taxable and what business operations are considered “industrial”. Official Text and Analysis.
Referred to the Senate Finance Committee on September 12, 2013
Reported in the Senate on September 19, 2013 With the recommendation that the bill pass.