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2000 SESSION
HB 684 Classification of tangible personal property for taxation purposes.
Introduced by: Harry J. Parrish | all patrons ... notes | add to my profiles | history
SUMMARY AS PASSED:
Tangible personal property tax; classification of certain tangible personal property for taxation purposes. Clarifies that the tax rate on certain personal property used in a trade or business may be assessed by a local governing body at a tax rate different from the rate on other classifications of personal property and less than the rate levied by such local government on its general class of tangible personal property.
SUMMARY AS INTRODUCED:
Tangible personal property tax; classification of certain tangible personal property for taxation purposes. Clarifies that the tax rate on certain personal property used in a trade or business may be assessed by a local governing body at a tax rate different from the rate on other classifications of personal property and less than the rate levied by such local government on its general class of tangible personal property.