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.


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