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OK SB1210
Bill
Status
2/2/2026
Primary Sponsor
Kendal Sacchieri
Click for details
AI Summary
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Personal property with a fair cash value of $1,750 or less is exempt from annual listing and assessment requirements for ad valorem taxation, adding this threshold to existing exceptions for intangible property, exempt property, and household property
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Updates statutory language by correcting "North American Industrial Industry Classification Systems" to "North American Industry Classification System (NAICS)" for building materials inventory assessment provisions
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Removes outdated reference to "the Marshall and Swift Company" for cost manuals used in valuing nonresidential improvements on agricultural land, replacing it with "Marshall and Swift" or similar approved manuals
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Effective date is January 1, 2027
Legislative Description
Ad valorem taxation; expanding exceptions for listing and assessment requirement. Effective date.
Last Action
Second Reading referred to Revenue and Taxation Committee then to Appropriations Committee
2/3/2026