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2019 SESSION

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HB 2440 Intangible personal property; classification and exemption of certain business property.

Introduced by: Ronnie R. Campbell | all patrons    ...    notes | add to my profiles

SUMMARY AS INTRODUCED:

Intangible personal property; classification and exemption of certain business property. Classifies as intangible property, and exempts from taxation, personal property that is employed in a trade or business, has an original cost of less than $25, and is not classified as machinery and tools, merchants' capital, or short-term rental property.


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