SB0137
Personal Property Tax - Exemptions for Low Assessment - Alteration
Altering exemptions from the personal property tax for business personal property that has a total original cost below $20,000 by repealing provisions of law that prohibit the State Department of Assessments and Taxation from collecting information or requiring the submission of a personal property tax return from certain businesses that qualify for the exemptions; and applying the Act to all taxable years beginning after June 30, 2026.
Basic Information
- Status
- Chaptered
- Session
- 2026 Regular Session
- Type
- Unknown
- Cross-filed
- HB0294
Links
- State Link
- View on State Website
- LegiScan URL
- View on LegiScan
Upcoming Events
Hearing
January 21, 2026
at 10:00
📍 Budget and Taxation
Hearing - Budget and Taxation Committee
Sponsors
Chair, Budget and Taxation Committee
Assessments and Taxation
Departmental