Tangible personal property tax relief; repealed on passenger cars, motorcycles, etc. (SB1365)

Introduced By

Sen. Russ Potts (R-Winchester)

Progress

Introduced
Passed Committee
Passed House
Passed Senate
Signed by Governor
Became Law

Description

Repeal of tangible personal property tax relief. Repeals tangible personal property tax relief on passenger cars, motorcycles, and pickup or panel trucks for tax years beginning on or after January 1, 2009. Under the bill, the annual $950 million currently dedicated for tangible personal property tax relief would be appropriated for transportation purposes. Read the Bill »

Outcome

Bill Has Failed

History

DateAction
01/17/2007Presented and ordered printed 079202788
01/17/2007Referred to Committee on Finance
01/20/2007Impact statement from TAX (SB1365)