2022 Senate Bill 1061

Revise local taxation of business tools and equipment

Introduced in the Senate

May 26, 2022

Introduced by Sen. Kim LaSata (R-21)

To require the state to reimburse local governments for revenue reductions they experience due to past reforms in a law empowering them to impose property tax on business tools and equipment, called the “personal property tax”.

Referred to the Committee on Finance

June 16, 2022

Reported without amendment

With the recommendation that the substitute (S-2) be adopted and that the bill then pass.

June 23, 2022

Passed in the Senate 38 to 0 (details)

Received in the House

June 28, 2022

Referred to the Committee on Tax Policy