Business Personal Property Tax Exemptions
| Type | Bill |
|---|---|
| Session | 2024 Extraordinary Session |
| Subjects |
Concerning property tax relief for businesses, and, in connection therewith, expanding and extending the exemption for agricultural equipment and machinery used in controlled agricultural facilities.
Bill Summary:
Section 1 of the act clarifies that personal property used in direct connection with the operation of a greenhouse for the sole purpose of growing crops in the greenhouse to obtain a monetary profit from the wholesale of plant-based food for human or livestock consumption is included in the definition of equipment used in a controlled environment agricultural (CEA) facility and is thus exempt pursuant to the exemption for such agricultural equipment, which exemption is permanently extended to all future property tax years in section 2 of the act.
APPROVED by Governor September 6, 2024
EFFECTIVE November 28, 2024
(Note: This summary applies to this bill as enacted.)
Prime Sponsors
Representative
Matt Soper
Representative
Junie Joseph
Senator
Kevin Priola
Senator
Mark Baisley
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Related Documents & Information
| Date | Version | Documents |
|---|---|---|
| 08/27/2024 | PA1 |
| Date | Version | Documents |
|---|---|---|
| 08/26/2024 | SA1 |
| Activity | Vote | Documents |
|---|---|---|
| Refer House Bill 24B-1003 to the Committee of the Whole. | The motion passed on a vote of 4-3. | Vote summary |
| Activity | Vote | Documents |
|---|---|---|
| Adopt amendment L.001 | The motion passed without objection. | Vote summary |
| Refer House Bill 24B-1003, as amended, to the Committee of the Whole. | The motion passed on a vote of 7-3. | Vote summary |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 08/29/2024 | Third Reading | BILL |
26
AYE
8
NO
1
OTHER
|
Vote record |
| Date | Calendar | Motion | Vote | Vote Document |
|---|---|---|---|---|
| 08/28/2024 | Third Reading | BILL |
47
AYE
16
NO
2
OTHER
|
Vote record |
| Date | Location | Action |
|---|---|---|
| 09/06/2024 | Governor | Governor Signed |
| 08/29/2024 | Governor | Sent to the Governor |
| 08/29/2024 | Senate | Signed by the President of the Senate |
| 08/29/2024 | House | Signed by the Speaker of the House |
| 08/29/2024 | Senate | Senate Third Reading Passed - No Amendments |
| 08/28/2024 | Senate | Senate Second Reading Special Order - Passed - No Amendments |
| 08/28/2024 | Senate | Senate Committee on Finance Refer Unamended to Senate Committee of the Whole |
| 08/28/2024 | Senate | Introduced In Senate - Assigned to Finance |
| 08/28/2024 | House | House Third Reading Passed - No Amendments |
| 08/27/2024 | House | House Second Reading Special Order - Passed with Amendments - Committee, Floor |
| 08/26/2024 | House | House Committee on Appropriations Refer Amended to House Committee of the Whole |
| 08/26/2024 | House | Introduced In House - Assigned to Appropriations |
Prime Sponsor
Sponsor
| Effective Date | Chapter # | Title | Documents |
|---|---|---|---|
| 11/28/2024 | 2 | Business Personal Property Tax Exemptions |