Legislation - SB0488

Exempting all personal property, including manufacturing inventory, in the possession of a person engaged in a manufacturing business that is a small- or medium-sized enterprise from the personal property tax, including any special taxing district property tax.

Committees

Original:: Budget and Taxation

Details

Cross-filed with: HB0168

Bill File Type: Regular

Effective Date(s): June 1, 2025

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 1/23/2025 Legislative Date 1/22/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Manufacturing Business Personal Property Tax - Exemption Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/23/2025	1/22/2025	First Reading Budget and Taxation
			Text - First - Manufacturing Business Personal Property Tax - Exemption

File Code

Subjects

Statutes