SJR 27 – Exempts business personal property from property taxation

• Sponsor: Ridgeway
• LR Number: 2578S.01I
• Committee: Ways & Means
• Last Action: 3/8/2007 - Second Read and Referred S Ways & Means Committee
• Journal Page: S518
• Effective Date: Upon voter approval

Current Bill Summary

SJR 27 - This proposed constitutional amendment, if approved by voters, exempts tangible personal property held, owned, or controlled by a business from property tax, and replaces lost revenues from such exemption by imposing a county-wide tax on utility, industrial, commercial, and railroad property.

JASON ZAMKUS