Broad Tax Exemption Bill Likely Narrowing To Port, Cranes

MACo testified in support with amendments to SB 673 / HB 1299, Property Tax – Public Land and Pubic Use – Exemption, to the Senate Budget and Taxation Committee and the House Ways and Means Committee on March 9, 2016.

As introduced, this bill would exempt from the property tax property located on governmental lands that is used for a public purpose. During the hearing, the sponsor and supporters indicated amendments are being offered to narrow the scope of the bill to apply only to the personal property tax in limited situations.

From the MACo testimony,

MACo would support the bill with amendments to limit the scope of the bill to reflect the arrangement agreed upon with affected local governments, and other similar fiscal arrangements in the future. Accordingly, MACo would urge the Committee to vote SB 673 FAVORABLE WITH AMENDMENTS to appropriately narrow the scope of the bill.

For more on 2016 MACo legislation, visit the Legislative Database.