Tangible personal property tax relief; repealed on passenger cars, motorcycles, etc.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
Date | Action |
---|---|
01/17/2007 | Presented and ordered printed 079202788 |
01/17/2007 | Referred to Committee on Finance |
01/20/2007 | Impact statement from TAX (SB1365) |