Summary of HB08-1225
Short Title: Business Personal Property Tax Exemption

Sponsors: Rice & .../Williams & ...

Incrementally increases the exemption from property taxation for personal property listed on a single personal property schedule up to $7,000 for the property tax year commencing January 1, 2011. Adjusts the amount of the exemption on a biennial basis thereafter for inflation. Rounds the inflation adjustment up to the nearest hundred dollars. Requires the property tax administrator to calculate the amount of the exemption and publish the amount on the web site maintained by the division of property taxation in the department of local affairs.

Status
01/30/2008 Introduced In House - Assigned to Finance
01/30/2008 Introduced In House - Assigned to Finance + Appropriations
02/19/2008 House Committee on Finance Refer Unamended to Appropriations
04/10/2008 House Committee on Appropriations Pass Amended to House Committee of the Whole
04/10/2008 House Second Reading Special Order - Laid Over Daily
04/11/2008 House Second Reading Special Order - Passed with Amendments
04/14/2008 House Third Reading Passed
04/16/2008 Introduced In Senate - Assigned to Finance
04/16/2008 Introduced In Senate - Assigned to Finance + Appropriations
04/24/2008 Senate Committee on Finance Refer Unamended to Appropriations
04/25/2008 Senate Committee on Appropriations Pass Amended to Senate Committee of the Whole
04/29/2008 Senate Second Reading Passed with Amendments
04/30/2008 Senate Third Reading Passed
04/30/2008 House Considered Senate Amendments - Result was to Concur - Repass

Amendments

Fiscal Notes Status

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