General Assembly Proposed Bill No. 5799
January Session, 2017 LCO No. 1504
*01504*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. WOOD, 141st Dist.
General Assembly
Proposed Bill No. 5799
January Session, 2017
LCO No. 1504
*01504*
Referred to Committee on FINANCE, REVENUE AND BONDING
Introduced by:
REP. WOOD, 141st Dist.
AN ACT EXEMPTING A PORTION OF BUSINESSES' TANGIBLE PERSONAL PROPERTY FROM THE PROPERTY TAX.
Be it enacted by the Senate and House of Representatives in General Assembly convened:
That chapter 203 of the general statutes be amended to exempt the first ten thousand dollars of a business's tangible personal property from the property tax.
Statement of Purpose:
To reduce the tax burden on businesses by exempting the first ten thousand dollars of a business's tangible personal property from the property tax.