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Bill would reduce paperwork by raising filing threshold for business personal property to $10,000
Summary
A sponsor said House Bill 385 would require businesses to file business personal property tax lines only if assessed personal property exceeds $10,000, reducing routine paperwork for small filers; committee recorded a motion, second and 'Aye' voice assent in the excerpt.
During the committee session Speaker 4 called 'House bill 385 by representative Bolton' and Speaker 2 explained the measure, carried at the request of Leanne Farren. Speaker 2 said the bill would require filers of business personal property tax to file a line only if the property value exceeds $10,000, noting that filing for very small amounts can be time-consuming.
Speaker 2 said the change would help small filers and reduce paperwork, describing his own experience filling forms for small returns. He told the committee the requested threshold was $10,000: "fix it to where they have to file a line if they're over $10,000." A motion and second were recorded, and committee members responded 'Aye' during the excerpt.
The transcript does not include a roll-call tally with member names or a recorded final disposition beyond voice assent in the provided excerpt. No fiscal estimate or effective date was provided in the excerpt.
