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HB 1046 - Watercraft; held in inventory for resale; exempt from taxation; provide

Tracking Level: Monitor
Sponsor: Mills,James 25th
Last Action: 5/14/2008 - House Date Signed by Governor
House Committee: W&M
Senate Committee: FIN

Staff Analysis of the Legislation

House Bill 1046

 

Chairman: Larry O’Neal

 

Committee:Ways & Means

 

House Sponsor: James Mills

HB 1046 extends the property tax exemption for watercraft owned by a dealer and held for sale or resale.  Currently, the exemption is set to expire on December 31, 2008, and this bill extends the expiration date to December 31, 2010.

This bill comes to the House Floor under the Structured Rule.

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