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HB 0457 - Renew Ad Valorem Tax Exemption on Boat Inventory
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Tracking Level: Neutral
Sponsor: Hawkins, Lee 27th
Last Action: 5/12/2015 - House Date Signed by Governor
State Code Titles: 48
House Committee: W&M
Senate Committee: FIN
Assigned To:
Clint MuellerNext Bill
Property TaxNext Bill

Staff Analysis of the Legislation
This bill reinstates, for a three year period, the previously expired ad valorem exemption for watercraft in dealer inventory beginning January 1, 2016.  This  legislation will have a fiscal impact next year on counties that have boat dealerships.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text






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