forward for three taxable years.
HB569
Watts
Estate tax reinstated
Reinstates the estate tax for persons dying on or after July 1, 2014. No estate tax will be imposed on a gross estate if the majority of the assets of the estate is an interest in a closely held business or a working farm. The revenues from the estate tax would be used for health care purposes.
Oppose
laid on table in subcommittee
HB617
Davis
Personal property tax; classification.
Creates a classification for personal property tax rate purposes of property owned by a business during its first two years of operation, if the business's annual gross revenues do not exceed $100,000. A locality may impose a rate of tax on such property that is lower than the rate on the general class of tangible personal property.
Monitor
Passed House 88-11; referred to Senate Finance