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HB 0778 -	Ad Valorem Taxation - Exemption from State Taxes for Business Property
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Tracking Level:

Neutral

Sponsor:

Scot Turner

Last Action:

1/27/2020 - House Second Readers

House Committee:

Ways and Means

Assigned To:

Larry Ramsey	Next Bill
Property Tax	Next Bill

Staff Analysis of the Legislation
Under current law, inventory held by a business is exempt from state ad valorem taxation. This bill would extend the exemption to all personal property held by a business. As drafted, the bill is limited to state property taxes and would not apply to county taxes.

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