Bill Number: HB 4930
Subject: Property Tax
Sponsor: Karen Whitsett
MASA Position:

Description: Modifies reporting deadlines and procedures for certain distribution calculations. Revises methods used by local governments to calculate the taxable value of commercial “personal property” (tools and equipment) and industrial property for purposes of receiving state reimbursement of foregone taxes under the complex system of exemptions and subsidies for property taxes that are levied these assets. This bill applies to the calculation made for the millage levied on industrial and commercial personal property.

Position Notes:
Position Date:
Bill Status: Introduced (9/10/2019; Referred to Committee on Tax Policy), Referred (10/2/2019; Committee on Ways and Means) )
PA Number: NA
HB4930 link