Legislation
Synopsis
Exempting from the personal property tax persons with specified personal property of $100,000 or less of total assessed value; requiring the State in specified taxable years to remit to each county and municipal corporation a specified amount of the tax the county or municipal corporation would have collected if the exemption under the Act had not been granted; requiring a person to apply annually to the State Department of Assessments and Taxation for the exemption under the Act; etc.
Committees
- Original:
- Ways and Means Click to view Recorded Media
Details
Bill File Type: Regular
Effective Date(s): July 1, 2016
Bill imposes a mandated appropriation in the annual State Budget Bill
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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Documents
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Date Posted | Document Name |
---|---|
2/03/2016 | Text - First - Small Business Personal Property Tax Relief Act of 2016 |
File Code
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Subjects
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Statutes
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(
11-101, 7-245 )
Last Updated: 2/3/2020 2:29 PM