Personal property taxes and state tax credits.

Authors: Senator James Buck


Provides that business personal property acquired after June 30, 2014, is exempt from property assessment and taxation. Provides a state income tax credit for property taxes paid on business personal property. Specifies that the credit percentage is 10% for taxable years beginning in 2015, and that the credit percentage increases for a year in an increment of 10% if state general fund revenue collections grew during the preceding state fiscal year.