Legislation - HB0294

Title: Personal Property Tax - Exemptions for Low Assessment - Alteration
Sponsored by: Chair, Ways and Means Committee (By Request - Departmental - Assessments and Taxation)
Status: In the House - Hearing 1/27 at 1:00 p.m.
Analysis

Synopsis

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, 2026.

Committees

Original:: Ways and Means

Details

Cross-filed with: SB0137

Bill File Type: Pre-Filed

Effective Date(s): June 1, 2026

By Request of the Governor

History

Legislation History
Chamber House Calendar Date 9/17/2025 Legislative Date 9/17/2025 Action Pre-filed Proceedings
Chamber House Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Personal Property Tax - Exemptions for Low Assessment - Alteration Proceedings
Chamber House Calendar Date 1/14/2026 Legislative Date 1/14/2026 Action Hearing 1/27 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action
House	9/17/2025	9/17/2025	Pre-filed
House	1/14/2026	1/14/2026	First Reading Ways and Means
			Text - First - Personal Property Tax - Exemptions for Low Assessment - Alteration
House	1/14/2026	1/14/2026	Hearing 1/27 at 1:00 p.m.

File Code

Subjects

Statutes