HB 4084 Summary

• Allows property owners to retroactively claim exemptions for the 2021 tax year if they failed to file required combined documents due to COVID-19 pandemic impacts.

• Property owners must submit the combined document and application to the state tax commission within 30 days of the act's effective date (by December 22, 2023).

• Creates the late-qualifying eligible manufacturing personal property tax reimbursement fund to process refunds of 2021 property taxes already paid and to redistribute unpaid 2021 property taxes to appropriate taxing units.

• Upon state tax commission approval, establishes a 2021 assessment under the specific personal property tax with a 45-day payment deadline, and rescission of exemption occurs if the assessment remains unpaid.

• Property owners may appeal denials of their exemption applications to the tax tribunal within 35 days of receiving notice of denial.