HB296: Personal Property Tax - Exemptions for Low Assessments - Alteration
Legislative Summary
Altering exemptions from the personal property tax for business personal property that has a total original cost below $20,000 by repealing provisions of law that prohibit the State Department of Assessments and Taxation from collecting information or requiring the submission of a personal property tax return from certain businesses that qualify for the exemptions; and applying the Act to all taxable years beginning after June 30, 2025.
Demographic Impact
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Bill History
Amendments
Favorable with Amendments 553826/1 Adopted
Favorable with Amendments 553826/1 Adopted
Roll Call Votes
Status Information
Sponsors
Primary Sponsor
