Legislation

Title: Property Tax - Exemptions for Business Personal Property - Alterations
Sponsored by: Senators Hayes, Elfreth, Hershey, Hester, and Ready
Status: Approved by the Governor - Chapter 328
Analysis: Fiscal and Policy Note (Revised)

Synopsis

Altering eligibility for exemptions from the personal property tax for personal property of a home business or personal property with a total original cost of less than $20,000; and prohibiting the State Department of Assessments and Taxation from collecting certain information or requiring the submission of a personal property tax return from certain businesses that qualify for certain personal property tax exemptions.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:: Ways and Means

Committee Testimony

Witness List

Details

Cross-filed with: HB0268

Bill File Type: Regular

Effective Date(s): June 1, 2022

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

Legislation History
Chamber Senate Calendar Date 1/18/2022 Legislative Date 1/18/2022 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax - Exemptions for Business Personal Property - Alterations Proceedings
Chamber Senate Calendar Date 1/24/2022 Legislative Date 1/24/2022 Action Hearing 2/02 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2022 Legislative Date 3/21/2022 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/21/2022 Legislative Date 3/10/2022 Action Favorable with Amendments {493825/1 Adopted Proceedings 50 Click to view Recorded Media
Chamber Senate Calendar Date 3/21/2022 Legislative Date 3/10/2022 Action Second Reading Passed with Amendments Proceedings 50 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Property Tax - Exemptions for Business Personal Property - Alterations Proceedings
Chamber Senate Calendar Date 3/22/2022 Legislative Date 3/11/2022 Action Third Reading Passed (46-0) Proceedings 51 Click to view Recorded Media
Chamber House Calendar Date 3/23/2022 Legislative Date 3/17/2022 Action Referred Rules and Executive Nominations Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 4/07/2022 Legislative Date 4/07/2022 Action Rereferred to Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 4/08/2022 Legislative Date 4/08/2022 Action Favorable Report by Ways and Means Proceedings
Chamber House Calendar Date 4/09/2022 Legislative Date 4/02/2022 Action Favorable Adopted Second Reading Passed Proceedings 54 Click to view Recorded Media
Chamber House Calendar Date 4/11/2022 Legislative Date 4/05/2022 Action Third Reading Passed (128-0) Proceedings 57 Click to view Recorded Media
Chamber Senate Calendar Date 4/11/2022 Legislative Date 4/03/2022 Action Returned Passed Proceedings 74 Click to view Recorded Media
Chamber Post Passage Calendar Date 5/12/2022 Legislative Date 5/12/2022 Action Approved by the Governor - Chapter 328 Proceedings
Chamber Calendar Date Legislative Date Action Text - Chapter - Property Tax - Exemptions for Business Personal Property - Alterations Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/18/2022	1/18/2022	First Reading Budget and Taxation
			Text - First - Property Tax - Exemptions for Business Personal Property - Alterations
Senate	1/24/2022	1/24/2022	Hearing 2/02 at 1:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/21/2022	3/21/2022	Favorable with Amendments Report by Budget and Taxation
Senate	3/21/2022	3/10/2022	Favorable with Amendments {493825/1 Adopted	50 Click to view Recorded Media
Senate	3/21/2022	3/10/2022	Second Reading Passed with Amendments	50 Click to view Recorded Media
			Text - Third - Property Tax - Exemptions for Business Personal Property - Alterations
Senate	3/22/2022	3/11/2022	Third Reading Passed (46-0)	51 Click to view Recorded Media
House	3/23/2022	3/17/2022	Referred Rules and Executive Nominations	38 Click to view Recorded Media
House	4/07/2022	4/07/2022	Rereferred to Ways and Means
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	4/08/2022	4/08/2022	Favorable Report by Ways and Means
House	4/09/2022	4/02/2022	Favorable Adopted Second Reading Passed	54 Click to view Recorded Media
House	4/11/2022	4/05/2022	Third Reading Passed (128-0)	57 Click to view Recorded Media
Senate	4/11/2022	4/03/2022	Returned Passed	74 Click to view Recorded Media
Post Passage	5/12/2022	5/12/2022	Approved by the Governor - Chapter 328
			Text - Chapter - Property Tax - Exemptions for Business Personal Property - Alterations

File Code

Subjects

Statutes