HB 24B-1003 CO Became Law
Business Personal Property Tax Exemptions
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Summary
Section 1 of the act clarifies that personal property used in direct connection with the operation of a greenhouse for the sole purpose of growing crops in the greenhouse to obtain a monetary profit from the wholesale of plant-based food for human or livestock consumption is included in the definition of equipment used in a controlled environment agricultural (CEA) facility and is thus exempt pursuant to the exemption for such agricultural equipment, which exemption is permanently extended to all future property tax years in section 2 of the act. APPROVED by Governor September 6, 2024 EFFECTIVE November 28, 2024(Note: This summary applies to this bill as enacted.)
Sponsors (4)
- Matt Soper Republican · primary
- Junie Joseph Democratic · primary
- Kevin Priola · primary
- Mark Baisley Republican · primary
Action history (12)
- Sep 6, 2024 Governor Signed · executive
- Aug 29, 2024 Sent to the Governor · executive
- Aug 29, 2024 Signed by the President of the Senate · upper
- Aug 29, 2024 Signed by the Speaker of the House · lower
- Aug 29, 2024 Senate Third Reading Passed - No Amendments · upper
- Aug 28, 2024 Senate Second Reading Special Order - Passed - No Amendments · upper
- Aug 28, 2024 Senate Committee on Finance Refer Unamended to Senate Committee of the Whole · upper
- Aug 28, 2024 Introduced In Senate - Assigned to Finance · upper
- Aug 28, 2024 House Third Reading Passed - No Amendments · lower
- Aug 27, 2024 House Second Reading Special Order - Passed with Amendments - Committee, Floor · lower
- Aug 26, 2024 House Committee on Appropriations Refer Amended to House Committee of the Whole · lower
- Aug 26, 2024 Introduced In House - Assigned to Appropriations · lower
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