2018 Senate Bill 1018

Revise "personal property tax" details

Introduced in the Senate

May 17, 2018

Introduced by Sen. Coleman Young (D-1)

To revise details of how money is distributed to local governments from a 6 percent use tax used to replace tax revenue they no longer collect due to reductions in the "personal property tax" that they impose on business tools and equipment. The bill would increase the amount paid out to local governments each year and change various allocation formulas in the law.

Referred to the Committee on Appropriations