Personal Property Tax - Depreciation of Assessed Value
Sponsor: Delegate ParrottCommittee: Ways and MeansSubject: Taxes - PropertyStatus: Hearing 2/01 at 1:00 p.m. (as of Nov 15, 2022)
What this bill does
Official synopsis
Establishing, in the assessment of personal property, the original cost of the personal property shall be depreciated using the same method provided under the Internal Revenue Code for the same type of property.
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Testimony (3)
MGA witness listFAV 2FavorableUNF 1Unfavorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Delegate Parrott, Delegate Parrottlegislator | Individual | Oral |
| FAV | Parrott, Neil | Individual | Written (PDF) |
| UNF | Kinnally, Kevin | Maryland Association of Counties (MACo) | Oral + Written (PDF) |