2019 House Bill 4215

Increase small business tool-tax exemption

Introduced in the House

Feb. 19, 2019

Introduced by Rep. Diana Farrington (R-30)

To increase from $80,000 to $100,000 the cap on the value of a business establishment’s tools and equipment that are subject to a state “personal property tax.” The current cap was put in place by a 2012 law.

Referred to the Committee on Tax Policy