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 [...]