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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 RamseyNext Bill
Property TaxNext 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

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