Personal property taxes; valuation, effective clause.

Voted 7/21/2026View source

Summary

Personal property taxes; valuation. Requires that tangible personal property employed in a trade or business, other than such property set out for different valuation in current law, shall be valued by means of a percentage or percentages of original cost to the taxpayer. Current law requires such property to be valued only by means of a percentage or percentages of original cost. The provisions of this bill do not become effective unless reenacted by the 2027 Session of the General Assembly.

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Bill text

The full text of this bill isn't on Heard yet. The official documents are linked below.

IntroducedOfficial document (PDF)
IntroducedOfficial document (HTML)
Finance AmendmentOfficial document (HTML)
EngrossedOfficial document (PDF)
EngrossedOfficial document (HTML)

Roll-call record

How representatives voted

0 yea·0 nay

No roll-call votes recorded for this bill yet.

Docket history

Action history

7/21/2026Continued from last session
3/3/2026Continued to next session in Finance and Appropriations (15-Y 0-N)
2/17/2026Fiscal Impact statement From TAX (2/17/2026 4:03 pm)
2/4/2026Referred to Committee on Finance and Appropriations
2/4/2026Constitutional reading dispensed (on 1st reading)
2/3/2026Read third time and passed House (98-Y 0-N 0-A)
2/2/2026Engrossed by House as amended
2/2/2026committee amendment agreed to
2/2/2026Read second time
1/30/2026Read first time