SJR 27 Exempts business personal property from property taxation
Sponsor: Ridgeway Co-Sponsor(s)
LR Number: 2578S.01I Fiscal Note:
Committee: Ways & Means
Last Action: 3/8/2007 - Second Read and Referred S Ways & Means Committee Journal Page: S518
Title: Calendar Position:
Effective Date: Upon voter approval

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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.