BILL · 2017–18 SESSION

SB 5948: Intangible property taxation

Restoring the taxation of intangible property to provide additional funding for public schools.

Summary

  • Establishes the restore school funding through property tax fairness act of 2017. Eliminates the exemption of intangible property from state property taxes. Provides for the levy of a tax on certain intangible property.

From the Bill Digest (SB 5948), written by the Legislature's nonpartisan staff. Read the full report ↗

Did not pass Did not pass · died in committee
  1. IntroducedJun 9, 2017
  2. Out of committeestopped here
  3. Passed Senate
  4. Passed House
  5. Governor
  6. Law
Prime sponsor
Maralyn Chase (D-32)
Introduced
June 9, 2017 in the Senate
Last action
January 8, 2018
Budget
Has a fiscal note

AN ACT Relating to restoring the taxation of intangible property to provide additional funding for public schools;

Sponsors

Prime sponsor: Maralyn Chase (D-32)

Votes

No recorded floor votes. This measure never reached a floor vote.

History

  1. By resolution, reintroduced and retained in present status.
  2. By resolution, reintroduced and retained in present status.
  3. First reading, referred to Ways & Means.

SB 5948 in other sessions

Bill numbers restart every two years, so the same number is a different bill in each session.

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