Ad valorem tax; exempt certain business personal property from.

HB 933 would have exempted business-owned personal property valued at $25 or less from ad valorem taxes, specifically targeting furniture, fixtures, or equipment used solely on business premises for operations. It directly affected small businesses (including sole proprietorships, LLCs, and corporations) owning qualifying low-value items, while excluding motor vehicles, Class IV property, and items eligible for income tax credits. The exemption would have applied to property meeting all three criteria (ownership, on-premises use, and $25 value cap) starting January 1, 2026. The bill died in committee on February 26, 2025, and did not become law.