IN HB1001 | 2014 | Regular Session
Status
Spectrum: Partisan Bill (Republican 4-0)
Status: Enrolled on March 4 2014 - 75% progression, died in chamber
Action: 2014-03-06 - Senator Mishler added as advisor
Text: Latest bill text (Amended) [PDF]
Status: Enrolled on March 4 2014 - 75% progression, died in chamber
Action: 2014-03-06 - Senator Mishler added as advisor
Text: Latest bill text (Amended) [PDF]
Summary
Specifies that if the acquisition cost of a taxpayer's business personal property in a county is less than $20,000 for a particular assessment date in 2016 or later: (1) the taxpayer is not required to file a personal property return for the taxpayer's business personal property in the county for that assessment date; and (2) the taxpayer's business personal property in the county is exempt from taxation for that assessment date. Specifies that this exemption does not apply to mobile homes assessed as personal property, personal property held as an investment, or personal property that is owned by certain utilities subject to regulation by the utility regulatory commission and is assessed as utility property. Requires the taxpayer to file an annual certification with the county assessor. Provides that the tax rate for certain tax increment financing areas shall be calculated as if this exemption were not in effect. Allows a designating body to grant a property tax abatement under the existing abatement laws for new business personal property that has an acquisition cost of at least $3,000,000. Specifies that if an abatement is granted for such new business personal property for a taxpayer: (1) the abatement may not exceed 20 years (rather than the standard 10 year limit on the abatement); (2) the percentage amount of the abatement deduction must be the same for all years in which the abatement is allowed; and (3) the designating body may waive the application of minimum valuation rules to that new business personal property for specified assessment dates or for all assessment dates after the installation of the new business personal property (and the waiver of the minimum valuation continues to apply to the property, regardless of whether the abatement ordinance is
Title
State and local taxation.
Sponsors
Roll Calls
2014-03-04 - Senate - Senate Floor - (Y: 33 N: 15 NV: 0 Abs: 2) [PASS]
2014-02-27 - Senate - Senate Floor - (Y: 15 N: 34 NV: 0 Abs: 1) [FAIL]
2014-02-25 - Senate - Senate Committee on Tax and Fiscal Policy - Roll Call 100102 (Y: 8 N: 4 NV: 0 Abs: 0) [PASS]
2014-01-30 - House - House - Third reading: Passed: (Y: 63 N: 33 NV: 0 Abs: 4) [PASS]
2014-01-29 - House - House Floor - (Y: 28 N: 61 NV: 3 Abs: 8) [FAIL]
2014-01-23 - House - House Committee on Ways and Means - Roll Call 100101 (Y: 13 N: 8 NV: 0 Abs: 3) [PASS]
2014-02-27 - Senate - Senate Floor - (Y: 15 N: 34 NV: 0 Abs: 1) [FAIL]
2014-02-25 - Senate - Senate Committee on Tax and Fiscal Policy - Roll Call 100102 (Y: 8 N: 4 NV: 0 Abs: 0) [PASS]
2014-01-30 - House - House - Third reading: Passed: (Y: 63 N: 33 NV: 0 Abs: 4) [PASS]
2014-01-29 - House - House Floor - (Y: 28 N: 61 NV: 3 Abs: 8) [FAIL]
2014-01-23 - House - House Committee on Ways and Means - Roll Call 100101 (Y: 13 N: 8 NV: 0 Abs: 3) [PASS]
History
Date | Chamber | Action |
---|---|---|
2014-03-06 | Senate | Senator Mishler added as advisor |
2014-03-06 | Senate | Senator Charbonneau added as advisor |
2014-03-06 | Senate | Senator Skinner added as advisor |
2014-03-06 | Senate | Senator Kenley added as advisor |
2014-03-06 | Senate | Senator Tallian added as conferee |
2014-03-06 | Senate | Senator Hershman added as conferee |
2014-03-06 | House | Representative Stemler added as advisor |
2014-03-06 | House | Representative Pryor added as advisor |
2014-03-06 | House | Representative Niezgodski added as advisor |
2014-03-06 | House | Representative Klinker added as advisor |
2014-03-06 | House | Representative Kersey added as advisor |
2014-03-06 | House | Representative Goodin added as advisor |
2014-03-06 | House | Representative Candelaria Reardon added as advisor |
2014-03-06 | House | Representative T. Brown added as advisor |
2014-03-06 | House | Representative Braun added as advisor |
2014-03-06 | House | Representative Porter added as conferee |
2014-03-06 | House | Representative Turner added as conferee |
2014-03-05 | House | House dissented from Senate Amendments |
2014-03-04 | Senate | Third reading: Passed: Roll Call 276: yeas 33 and nays 15 |
2014-03-04 | Senate | Returned to the House with amendments |
2014-03-03 | Senate | Senator Kruse added third sponsor. |
2014-02-27 | Senate | HB 1001 Amendment #1 (Stoops), failed. |
2014-02-27 | Senate | Second reading: engrossed. |
2014-02-27 | Senate | Senator Kenley added second sponsor. |
2014-02-25 | Senate | Committee report: amend do pass, adopted. |
2014-02-04 | Senate | First Reading: Referred to Tax and Fiscal Policy |
2014-01-30 | House | Senator Hershman added as sponsor. |
2014-01-30 | House | Referred to the Senate |
2014-01-30 | House | Third reading: Passed: Roll Call 121: yeas 63 and nays 33 |
2014-01-29 | House | Second reading: engrossed |
2014-01-29 | House | HB 1001 Amendment #6 (Porter), failed. |
2014-01-27 | House | Committee report: do pass, adopted. |
2014-01-13 | House | First Reading: Referred to Ways and Means |
2014-01-13 | House | Coauthored by Representatives Brown T, Braun, Huston |
2014-01-13 | House | Authored by Representative Turner. |