Introduced
by
To exempt non-manufacturing commercial businesses with tools and equipment whose taxable value is less than $40,000 from the so-called “personal property tax,” which is imposed on businesses at the same rate as regular property taxes on buildings and land. This is part of a package comprised of House Bills 6051 to 6057 (and Senate Bills 1065 to 1072). This part of the package would save businesses around $70 million annually.
Referred to the Committee on Tax Policy
