Committee hears testimony supporting exemption for perishable inventory and refrigerated medicine
Senate Bill 2907 and SJR 78 would exempt certain perishable food items and temperature‑sensitive pharmaceuticals from property tax; witnesses from pharmacy, business, and public policy organizations urged passage and emphasized consumer price and business competitiveness benefits.
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Senators heard testimony in support of Senate Bill 2907 and Senate Joint Resolution 78, measures that would allow the Legislature (and, following voter approval, exempt by constitutional amendment) to remove business personal property taxation on defined categories of perishable inventory and certain refrigerated medications.
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