Legislation
- Title
- Personal Property Tax - Exemption for Business Personal Property
- Sponsored by
- Delegates M. Fisher, Adams, Arentz, Buckel, Chisholm, Clark, Corderman, Ghrist, Hartman, Hornberger, Howard, Jacobs, Jalisi, Malone, McComas, Morgan, Otto, Saab, and Shoemaker
- Status
- In the House - Hearing 2/26 at 1:00 p.m.
- Analysis
- Fiscal and Policy Note
Synopsis
Exempting business personal property from the property tax imposed by a county or municipal corporation, subject to certain exceptions; requiring the State Department of Assessments and Taxation to identify certain provisions of law and submit a certain report to the General Assembly; and applying the Act to taxable years beginning after June 30, 2019.
Committees
- Original:
- Ways and Means Click to view Recorded Media
Details
Introduced in a prior session as: HB0374 Session: 2018 Regular Session
Bill File Type: Regular
Effective Date(s): June 1, 2019
Bill imposes a local government mandate which is a directive in a bill requiring a local government unit to perform a task or assume a responsibility that has a discernible fiscal impact on the local government unit
History
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File Code
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Subjects
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Statutes
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(
7-402 )
Last Updated: 2/3/2020 2:31 PM