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2014 SESSION

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HB 617 Personal property tax; classification.

Introduced by: Glenn R. Davis | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Personal property tax; classification. Authorizes a locality to establish lower personal property tax rates on the tangible property of businesses that locate for the first time in the locality. The lower rates would apply for the first two tax years that the business is subject to the personal property tax. If a locality has enacted an exemption from the local license tax or fee (BPOL) for beginning businesses, only those beginning businesses that qualify for such exemption may be eligible for the lower personal property tax rates.


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