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2018 Regular Session



Personal Property Tax - Exemption for Business Personal Property

Sponsored by:

Delegate Fisher


In the House - Unfavorable Report by Ways and Means

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, 2018.
Analysis:Fiscal and Policy Note
All Sponsors:Delegates Fisher, Arentz, Buckel, Flanagan, Glass, Hornberger, S. Howard, Jacobs, Kipke, Kittleman, Krebs, Long, Malone, McComas, McConkey, W. Miller, Morgan, Otto, Parrott, Reilly, Rey, Saab, Shoemaker, Szeliga, and West
Additional Facts:Introduced in a prior session as: HB1238 Session: 2017 Regular Session
Bill File Type: Regular
Effective Date(s): June 1, 2018
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
Ways and Means  View Committee Hearing
Broad Subject(s):Taxes - Property
Narrow Subject(s):Assessments and Taxation, Department of
Commerce and Business -see also- Dealers; Elec. Comm.; etc.
Local Government Mandates
Personal Property
Property Tax
Statutes:Article - Tax - Property

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Explanation of Floor Motions and Actions

February 7, 2018 10:06 A.M.