Legislation - HB0296

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, 2025.

Committees

Original:: Ways and Means Click to view Recorded Media

Opposite:: Budget and Taxation

Committee Testimony

Witness List

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 House Calendar Date 1/18/2025 Legislative Date 1/18/2025 Action Hearing 2/04 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/04/2025 Legislative Date 3/04/2025 Action Favorable with Amendments Report by Ways and Means Proceedings
Chamber House Calendar Date 3/05/2025 Legislative Date 2/26/2025 Action Favorable with Amendments {553826/1 Adopted Proceedings 38 Click to view Recorded Media
Chamber House Calendar Date 3/05/2025 Legislative Date 2/26/2025 Action Second Reading Passed with Amendments Proceedings 38 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Personal Property Tax - Exemptions for Low Assessments - Alteration Proceedings
Chamber House Calendar Date 3/11/2025 Legislative Date 2/28/2025 Action Third Reading Passed (97-40) Proceedings 40 Click to view Recorded Media
Chamber Senate Calendar Date 3/12/2025 Legislative Date 2/22/2025 Action Referred Budget and Taxation Proceedings 42 Click to view Recorded Media

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
House	1/18/2025	1/18/2025	Hearing 2/04 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/04/2025	3/04/2025	Favorable with Amendments Report by Ways and Means
House	3/05/2025	2/26/2025	Favorable with Amendments {553826/1 Adopted	38 Click to view Recorded Media
House	3/05/2025	2/26/2025	Second Reading Passed with Amendments	38 Click to view Recorded Media
			Text - Third - Personal Property Tax - Exemptions for Low Assessments - Alteration
House	3/11/2025	2/28/2025	Third Reading Passed (97-40)	40 Click to view Recorded Media
Senate	3/12/2025	2/22/2025	Referred Budget and Taxation	42 Click to view Recorded Media

File Code

Subjects

Statutes