This bill aims to lower the assessment percentage of specific personal property and offers a tax exemption for certain personal property if a constitutional amendment allowing for such exemption is passed. The main provisions include reducing the tax burden on designated personal property and creating an exemption contingent upon a constitutional change. If enacted, this bill could lead to reduced taxes on specified personal assets and potentially impact revenue collection depending on the adoption of the constitutional amendment.
2023-12-01: Prefiled (H)
2024-01-03: Read First Time (H)
2024-01-04: Read Second Time (H)
2024-01-11: Referred: Special Committee on Property Tax Reform(H)
2024-02-28: Public Hearing Completed (H)
2024-03-27: Executive Session Completed (H)
2024-03-27: Motion to Do Pass Failed (H)
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