SB 409
Modifies provisions relating to the assessment of personal property
LR Number:
Last Action:
3/2/2023 - Second Read and Referred S Economic Development and Tax Policy Committee
Journal Page:
Effective Date:
August 28, 2023

Current Bill Summary

SB 409 - For the purposes of calculating the amount of assessed valuation of personal property, current law provides that the definition of new construction and improvements is the aggregate increase in valuation of personal property for the current year over that of the previous year. This act provides that new construction and improvements shall not include increases in the assessed valuation of a motor vehicle as determined pursuant to current law.

This act is substantially similar to HB 754 (2023).



No Amendments Found.