Sen. Dan McCay (R)

SB 42 (Tangible Personal Property Amendments)

Libertas Institute supports this bill.

This bill would exempt all property that a business has already paid a sales tax on from the annual property tax on business supplies. This would save businesses approximately $70 million in taxes every year, while reducing the onerous burdens of reporting and audits.

Libertas supports this bill. Instead of counting up tables and chairs, businesses should be allowed to focus on delivering the best product or service for their customers.