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Bill Positions
Bill
Number: HB 1609
Bill Title:
Property Tax - Abatement of Tax on Exempt Manufacturing Personal Property
Bill Sponsor(s):
Delegate Turner, et al
Subject:
Budget & Tax
Committee:
W&M
Bill Summary:
This bill would allow a company to file an application for a personal property manufacturing exemption 6 months following the receipt of an assessment notice. Current law requires an exemption to be filed by September 1st of a taxable year.
History: None
Chamber Position: Support W/Amend
Position
Summary: Granting additional time for businesses to file an exemption application for manufacturing personal property will relieve a hardship that sometimes results from the current September 1st filing deadline. Occasionally, new manufacturers are unaware of the requirement to file an exemption application, and are at risk of not receiving their property exemption if their personal property assessment notice is received after September 1st.
Position Statement: Click here to download a pdf version of the Maryland Chamber's position statement.
Chamber Staff: Ronald Wineholt
General
Assembly: Click
here to view the bill on the Maryland General Assembly's
website.
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