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House Finance reports three measures out of committee; votes, amendments and debate summarized
Summary
In executive session Jan. 23, the House Finance Committee reported House Bill 1004, House Joint Resolution 4200 and House Bill 1126 out of committee with due-pass recommendations. Committee debate focused on a potential tax shift from a proposed personal-property exemption and a related constitutional amendment.
During executive session Jan. 23, the House Finance Committee took final committee action on three measures after staff briefings and debate.
House Bill 1004: The committee voted to report HB 1004 out of committee with a due-pass recommendation. The bill would increase the statutory personal property tax exemption to $50,000 contingent on passage of a proposed constitutional amendment (House Joint Resolution 4200). Representative Street moved the bill out of committee. Representative Orcutt withdrew amendment H-0710.1 (an amendment providing a consumables exemption) and the committee considered amendment H-0712.1 (which would prohibit the personal-property exemption from resulting in a tax shift). H-0712.1 was moved but failed in committee discussion and voice vote. Final committee roll call reported 14 ayes and 1 nay; HB 1004 was reported out with a due-pass recommendation.
House Joint Resolution 4200:…
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