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2009 SESSION

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SB 1315 Machinery and tools; separate classification for local taxation.

Introduced by: Mamie E. Locke | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Separate classification of machinery and tools.  Declares machinery and tools used directly in the manufacture of precision investment castings to be a separate classification of machinery and tools for local taxation.  Localities may tax property so classified at rates or assessment ratios that are less than those for other machinery and tools.


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