A controversial rule from the state Tax Commission drawing the line between personal and real property for purposes of the state’s business personal property tax exemption is on the agenda for the House Revenue & Taxation Committee’s meeting today at 1:15 p.m. The rule declared that cell phone towers, pipelines and the like are real property, not personal property, so they don’t qualify for the exemption; business interests that wanted the exemption but lost out protested vociferously.
“We’re going to kill the rule,” said House Majority Leader Mike Moyle, R-Star, who’s on the agenda to present the resolution rejecting the rule. “We’ll see if we can come up with …. some follow-up legislation,” yet this session. He added, “We’ll let the Tax Commission have another stab at it.”