HJR 4223 (Increase property tax exemption)
What it will do:
This amendment would authorize the legislature to increase the personal property tax exemption for taxable personal property owned by each “head of a family” from three thousand ($3,000) to fifteen thousand ($15,000) dollars.
Supporters say:
Proponents say the change would ease the tax burden on small businesses, which must pay a personal property tax on their assets. Startups and in-home businesses particularly need the change, they say.
Opponents say:
No known opposition.
Sponsor:
