SJR 014 Eliminates personal property tax; imposes replacement tax on residential and commercial/utility property
LR Number:S0667.02I Fiscal Note:0667-02
Committee:Ways and Means
Last Action:01/19/99 - Hearing Conducted S Ways & Means Committee Journal page:
Effective Date:Contingent
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Current Bill Summary

SJR 14 - This proposed constitutional amendment, if approved by the voters, exempts from taxation all personal property held after December 31, 2000. Lost tax revenues are reimbursed through a replacement tax on all residential and utility/commercial property in each county.