Eliminating The Personal Property Tax. (Fe)

AI Summary

The bill aims to eliminate the personal property tax, which is a tax on personal belongings like furniture and equipment. This would impact individuals and businesses by removing this specific tax burden. The main provision of the bill is the complete elimination of the personal property tax, likely resulting in financial relief for taxpayers. The bill's passage would lead to changes in tax policies affecting personal property ownership and could have significant financial implications for both individuals and businesses.

• 2023-02-06: Introduced

• 2023-02-06: Read first time and referred to Committee on Ways and Means

• 2023-02-16: Fiscal estimate received

• 2023-02-16: Senator Stafsholt added as a cosponsor

• 2023-04-25: Assembly Substitute Amendment 1 offered by Representatives Macco and Knodl

• 2023-05-02: Assembly Amendment 1 to Assembly Substitute Amendment 1 offered by Representatives Macco and Knodl

• 2023-05-04: Fiscal estimate received

• 2023-06-08: Public hearing held

• 2023-06-15: Assembly Substitute Amendment 2 offered by Representative Macco

• 2023-06-15: Executive action taken

• 2023-06-15: Report Assembly Substitute Amendment 2 adoption recommended by Committee on Ways and Means, Ayes 7, Noes 3

• 2023-06-15: Report passage as amended recommended by Committee on Ways and Means, Ayes 7, Noes 3

• 2023-06-15: Referred to committee on Rules

• 2023-06-15: Placed on calendar 6-21-2023 by Committee on Rules

• 2024-04-15: Failed to pass pursuant to Senate Joint Resolution 1