SB 5948 - DIGEST |
Establishes the restore school funding through property tax fairness act of 2017. |
Eliminates the exemption of intangible property from state property taxes. |
Provides for the levy of a tax on certain intangible property. |
Defines the types of intangible property subject to tax. |
Provides tax exemptions and provides for the administration of the tax. |
Provides for submission of this act to a vote of the people. |