Missoula County opposes HB 212: Increase business equipment tax exemption, up for hearing at 9 a.m. on Tuesday, Jan. 17 in the House Taxation Committee.
This bill breaks basic tenants of the equalization of property tax mills by excluding mill levies from one type of asset. This will mean that the State will be subsidizing one asset class over another in order to reimburse schools and local governments. The tax revenue loss from increasing the business equipment tax exemption from the current $300,000 limit to the proposed $1 million limit to be reimbursed through entitlement share payment.
Additionally, this bill will cause the tax bases for local governments to be artificially lowered.
Missoula County continues to oppose HB 212: Increase business equipment tax exemption, as amended, scheduled for second reading today on the House floor. This bill breaks basic tenants of the equalization of property tax mills by excluding mill levies from one type of asset. This will mean that the State will be subsidizing one asset class over another in order to reimburse schools and local governments. The tax revenue loss from increasing the business equipment tax exemption from the current $300,000 limit to the proposed $1 million limit to be reimbursed through entitlement share payment. Additionally, this bill will cause the tax bases for local governments to be artificially lowered. Please oppose HB 212.
Senators Boldman, Morigeau and Salomon, Missoula County continues to oppose HB 212: Increase business equipment tax exemption, as amended, up for hearing in the Senate Finance and Claims committee today. This bill breaks basic tenants of the equalization of property tax mills by excluding mill levies from one type of asset. This will mean that the State will be subsidizing one asset class over another in order to reimburse schools and local governments. The tax revenue loss from increasing the business equipment tax exemption from the current $300,000 limit to the proposed $1 million limit to be reimbursed through entitlement share payment. Additionally, this bill will cause the tax bases for local governments to be artificially lowered. Please oppose HB 212.
Representatives Thane and Marler,
ReplyDeleteMissoula County opposes HB 212: Increase business equipment tax exemption, up for hearing at 9 a.m. on Tuesday, Jan. 17 in the House Taxation Committee.
This bill breaks basic tenants of the equalization of property tax mills by excluding mill levies from one type of asset. This will mean that the State will be subsidizing one asset class over another in order to reimburse schools and local governments. The tax revenue loss from increasing the business equipment tax exemption from the current $300,000 limit to the proposed $1 million limit to be reimbursed through entitlement share payment.
Additionally, this bill will cause the tax bases for local governments to be artificially lowered.
Please oppose HB 212.
Missoula County continues to oppose HB 212: Increase business equipment tax exemption, as amended, scheduled for second reading today on the House floor.
ReplyDeleteThis bill breaks basic tenants of the equalization of property tax mills by excluding mill levies from one type of asset. This will mean that the State will be subsidizing one asset class over another in order to reimburse schools and local governments. The tax revenue loss from increasing the business equipment tax exemption from the current $300,000 limit to the proposed $1 million limit to be reimbursed through entitlement share payment.
Additionally, this bill will cause the tax bases for local governments to be artificially lowered.
Please oppose HB 212.
Senators Boldman, Morigeau and Salomon,
ReplyDeleteMissoula County continues to oppose HB 212: Increase business equipment tax exemption, as amended, up for hearing in the Senate Finance and Claims committee today.
This bill breaks basic tenants of the equalization of property tax mills by excluding mill levies from one type of asset. This will mean that the State will be subsidizing one asset class over another in order to reimburse schools and local governments. The tax revenue loss from increasing the business equipment tax exemption from the current $300,000 limit to the proposed $1 million limit to be reimbursed through entitlement share payment.
Additionally, this bill will cause the tax bases for local governments to be artificially lowered.
Please oppose HB 212.