HOUSE BILL 1048

Sponsored By:

Delegate Hucker

Entitled:

Personal Property Tax - Financial Institutions - Repeal of Tax Exemptions

Synopsis:

Repealing a property tax exemption for personal property owned by specified financial institutions; repealing a property tax exemption for a specified computer program or hardware owned by a bank or trust company or a savings and loan association; applying the Act to tax years beginning after June 30, 2011; etc.

History by Legislative and Calendar Date

House Action

2/11

First Reading Ways and Means

2/16

Hearing 3/10 at 1:00 p.m.

Senate Action

No Action

Bill indexed under the following Subjects:

Banks and Trust Companies

Computers -see also- Electronic Commerce; Electronic Govmnt.

Exemptions

Financial Institutions -see also- Banks; Credit Unions; etc.

Personal Property

Property Tax

Savings and Loan Associations

Bill affects the following Statutes:

Tax - Property

( 7-221 , 7-221.1 )

Documents

Bill Text: First Reading, Third Reading, Enrolled

Fiscal and Policy Note: Available

Amendments: None offered