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2018 SESSION
SB 879 Intangible personal property; personal property used in manufacturing.
Introduced by: A. Benton "Ben" Chafin | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Intangible personal property; personal property used in manufacturing. Clarifies that personal property used directly in manufacturing in the locality in which the tax is assessed is classified as intangible personal property. Current law does not require that the property be used directly in manufacturing in order to be considered intangible, nor does it require that the property be in the locality in which manufacturing actually occurs.
FULL TEXT
HISTORY
- 01/18/18 Senate: Presented and ordered printed 18105039D
- 01/18/18 Senate: Referred to Committee on Finance
- 01/30/18 Senate: Continued to 2019 in Finance (14-Y 0-N)