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Ways and Means Ups the Business Personal Property Exemption Threshold

SB 336 – Business Personal Property Tax Exemption Threshold Authored by Sen. Aaron Freeman (R-Indianapolis) Increases the acquisition cost threshold for the business personal property exemption from $40,000 to $60,000. Chamber position: Support The latest: The bill was substantially amended in the House Ways and Means Committee and passed 14-8 along party lines. The amendment removed the provision which would have [...]

2021-03-26T13:03:48-04:00March 26th, 2021|

House Takes Up Senate Bill on Business Personal Property ‘De Minimus’ Exemption

SB 336 – Assessments and Tax Exemptions Authored by Sen. Aaron Freeman (R-Indianapolis) Provides that the business personal property exemption from taxation is based on the assessed value of the business personal property instead of the acquisition cost. Chamber position: Support in Part (No position on the taxability of reward money) The latest: The bill was heard in the House [...]

2021-03-12T13:49:49-05:00March 12th, 2021|

Business Personal Property Minimum Threshold Exemption Getting Looked at Again

SB 336 – Assessments and Tax Exemptions Authored by Sen. Aaron Freeman (R-Indianapolis) Provides that the business personal property exemption from taxation is based on the assessed value of the business personal property instead of the acquisition cost. Provides that a reward received for providing information that assists in the arrest, indictment or filing of charges against a person is [...]

2021-01-29T12:55:39-05:00January 29th, 2021|

Business Personal Property Tax ‘De Minimus’ Exemption Moves on Without Substantial Amendment  

SB 336 – Assessments and Tax Exemptions Authored by Sen. Aaron Freeman (R-Indianapolis) This bill increases the acquisition cost threshold for the business personal property tax exemption from $20,000 to $40,000. Chamber Position: Support The Latest: Passed the House Ways and Means Committee 16-7. Chamber Action/Commentary: This bill received a hearing earlier this month, but the committee chair held up the [...]

2021-04-08T15:40:44-04:00March 29th, 2019|

Senate Bill Expands Business Personal Property Tax ‘De Minimus’ Exemption 

Senate Bill 233 – Business Personal Property Tax Exemption Authored by Sen. Aaron Freeman (R-Indianapolis) This bill increases, from $20,000 to $40,000, the acquisition cost threshold for the business personal property tax exemption. Chamber Position: Support The Latest: Amended and passed by the Tax and Fiscal Policy Committee 12-0 on Tuesday. Chamber Action/Commentary: The Indiana Chamber played a key [...]

2019-01-25T13:17:05-05:00January 25th, 2019|