SB17-009 - Business Personal Property Tax Exemption

Postponed Indefinitely
Concerning an increase in the per-schedule exemption of business personal property, and, in connection therewith, making an appropriation.

There is an exemption from property tax for business personal property that would otherwise be listed on a single personal property schedule that is equal to $7,300 for the current property tax year cycle. The bill increases the exemption to $10,000 for the next 2 property tax years and adjusts it for inflation for subsequent property tax cycles.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)


Latest update: May 3, 2017
05/03/2017 - House Committee on State, Veterans, & Military Affairs Postpone Indefinitely
04/19/2017 - Introduced In House - Assigned to State, Veterans, & Military Affairs + Appropriations
04/17/2017 - Senate Third Reading Passed - No Amendments
04/17/2017 - Senate Third Reading Reconsidered - No Amendments
04/13/2017 - Senate Second Reading Passed with Amendments - Committee
04/11/2017 - Senate Committee on Appropriations Refer Amended to Senate Committee of the Whole
02/02/2017 - Senate Committee on Finance Refer Amended to Appropriations
01/11/2017 - Introduced In Senate - Assigned to Finance