Enrolled Bill Summary

Enrolled Bill Summary

Legislative Session: 87(R)

Senate Bill 1449

Senate Author:  Bettencourt et al.

Effective:  1-1-22

House Sponsor:  Murphy


            Senate Bill 1449 amends the Tax Code to increase the taxable value threshold below which income‑producing tangible personal property held is entitled to a property tax exemption from $500 to $2,500.