Legislation - HB0296

Altering an exemption from the personal property tax for business personal property that has a total original cost below $20,000 by repealing a provision of law that prohibits 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 exemption; and applying the Act to all taxable years beginning after June 30, 2025.

Committees

Original:: Ways and Means

Details

Bill File Type: Regular

Effective Date(s): June 1, 2025

History

Legislation History
Chamber House Calendar Date 1/09/2025 Legislative Date 1/09/2025 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Personal Property Tax - Exemption for Low Assessments - Alteration Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/09/2025	1/09/2025	First Reading Ways and Means
			Text - First - Personal Property Tax - Exemption for Low Assessments - Alteration

File Code

Subjects

Statutes