HB 903 Modifies provisions relating to personal property taxes

Current Bill Summary

- Prepared by Senate Research -

HB 903 - Current law provides that personal property shall be assessed at 33.3% of its true value in money. This act requires such percentage to be reduced in equal increments over a period of three years until the 2028 calendar year. For such year and all subsequent calendar years, personal property shall be assessed at 18% of its true value in money.

JOSH NORBERG

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