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2013 SESSION

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HB 1860 Personal property tax; advertising signs.

Introduced by: Robert D. Orrock, Sr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED HOUSE: (all summaries)

Personal property tax; advertising signs. Provides that outdoor advertising signs constitute a separate class of personal property for purposes of assessment, and requires localities to tax such signs as personal property, not as real property. The bill also prohibits such signs or income generated by such signs to be considered in assessing the value of real property. The bill states that an emergency exists and it is in force from its passage. The bill applies to tax years beginning on or after January 1, 2013. This bill is identical to SB 1236.


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