2017 Regular Session
|At the request of:|
|Chief Sponsors:||Senator Knopp|
|Regular Sponsors:||(Presession Filed)|
|Bill Title:||Relating to the property tax exemption for personal property; prescribing an effective date.|
|Catchline/Summary:||Provides that machinery and equipment used to compress and bale harvested straw, hay, grass or other plants for purpose of storage or shipment is tangible personal property exempt from ad valorem property taxation.
Increases ceiling amount of total assessed value of taxable personal property for purposes of exemption from property taxation.] Applies to property tax years beginning on or after July 1, 2018] 2017. Takes effect on 91st day following adjournment sine die.
|Fiscal Impact:||Has Minimal Fiscal Impact|
|Revenue Impact:||Revenue Impact Issued|
|Measure Analysis:||Staff Measure Summary / Impact Statements|
|Current Location:||In House Committee|
|Current Committee:||House Committee On Revenue|