SB32: Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes.
- Introduced (completed)
- 2Passed One Chamber (current step)
- 3Passed Both Chambers
- 4Became Law
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Bill information
Summary
Relating to an exemption from ad valorem taxation of a portion of the appraised value of tangible personal property that is held or used for the production of income and a franchise tax credit for the payment of certain related ad valorem taxes.
Plain-language summary
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SB32: Relating to an exemption from ad valorem taxation of a portion of the appraised…
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Sponsors
Paul Bettencourt
Primary SponsorCo-sponsors (9)
Tan Parker
Cesar Blanco
Donna Campbell
Charles Creighton
Brent Hagenbuch