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Taxation committee agrees to include personal property exemptions and single-factor apportionment; debates senior tax-freeze definition
Summary
Members of the Committee on Taxation tentatively accepted an offer to include personal property tax exemptions, a single-factor apportionment provision and limited personal-exemption changes, while declining broader enhancements to a senior/disabled veterans' tax-freeze program pending fiscal analysis.
At a Committee on Taxation meeting, members tentatively agreed to accept an offer to include personal property tax exemptions and a single-factor apportionment provision in House Bill 2,231, while declining to adopt broader enhancements to the tax-freeze program for seniors and disabled veterans without further fiscal analysis.
The committee accepted inclusion of the personal-exemption changes for head-of-household status and a military increase described as part of House Bill 2,231, the contents of Senate Bill 10 as it emerged from the House Tax Committee (with aircraft provisions removed), and House Bill 2,336, the single-factor apportionment measure. “The offer…
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