HB 155 (Exempting More Tangilble Personal Property From Taxation)
Libertas Institute supports this bill. This bill increases the tangible personal property tax exemption from $25,000 to $100,000.
Libertas supports this bill. The tangible personal property tax is one of the most burdensome and tedious taxes for businesses, particularly small businesses and entrepreneurs. Raising the exemption to $100,000 would reduce the number of businesses subject to this tax, providing relief and allowing them to focus on growth and innovation instead of compliance with complex tax requirements. |