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2005 SESSION

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SJ 383 Personal property tax, tangible; joint subcomm. to study elimination thereof on personal-use cars.

Introduced by: Emmett W. Hanger, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Study; elimination of the tangible personal property tax on personal-use passenger cars, motorcycles, and pickup or panel trucks; report.  Establishes a joint subcommittee to examine the most efficient and equitable way to eliminate the tangible personal property tax on the first $20,000 of value of personal-use passenger cars, motorcycles, and pickup or panel trucks. The joint subcommittee shall develop recommendations for eliminating the tax that will provide a replacement for the revenues estimated to be received by local governments.


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