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HB 0996 - Ad valorem tax; heavy-duty equipment vehicles; change partial exemption to tax credit; provide

Tracking Level: Monitor
Sponsor: May,Jeff 111th
Last Action: 1/28/2010 - House Second Readers
House Committee: W&M
Assigned To:
Finance - FundingNext Bill
Finance - TaxationNext Bill

Staff Analysis of the Legislation

SUMMARY:  This bill would amend Article 10A of Chapter 5 to change the partial exemption from ad valorem taxation on heavy-duty vehicles to a tax credit.

NOTE:  This bill would substantially increase the millions of dollars of exemptions that the legislature continues to give to special groups to decrease the available revenues to schools, county governments and municipalities.


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