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 [...]