SB17-009
Business Personal Property Tax Exemption
Concerning an increase in the per-schedule exemption of business personal property, and, in connection therewith, making an appropriation.
Session:
2017 Regular Session
Subject:
Bill Summary
Fiscal Policy & Taxes
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.)