Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Senate adopts amendment increasing tangible personal property exemption to $15,000 and advances HB231
Summary
Senators amended and advanced House Bill 231 to raise the small-business tangible personal property exemption threshold (first substitute) from $12,007.50 to $15,000 after debate over administrative costs and fiscal-note implications; the bill passed second reading and will go to third reading.
Senators adopted a verbal amendment on the floor to raise the tangible personal property exemption threshold and then advanced the first substitute of House Bill 231 to third reading.
Senator McKay, sponsor of the bill, said the measure moves the aggregate taxable-value threshold and exempts…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
