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Bill Detail: HB18-1036

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Title Reduce Business Personal Property Taxes
Status House Committee on State, Veterans, & Military Affairs Postpone Indefinitely (02/01/2018)
Bill Subjects
  • Local Government
House Sponsors T. Leonard (R)
Senate Sponsors T. Neville (R)
House Committee State, Veterans, & Military Affairs
Senate Committee
Date Introduced 01/10/2018

There is currently an exemption from property tax for business
personal property that would otherwise be listed on a single personal
property schedule that is equal to $7,400 for the current property tax year
cycle. The bill raises the exemption to $50,000 commencing in tax year
2018, and continues to adjust it for inflation for subsequent property tax
cycles, so that businesses with personal property ...

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