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1994 SESSION

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SB 233 Tax exemption for certain rehabilitated commer./indus. real estate.

Introduced by: Benjamin J. Lambert, III | all patrons    ...    notes | add to my profiles

SUMMARY:

Tax exemption for certain rehabilitated commercial or industrial real estate. Allows any local governing body to provide for partial exemption from real estate tax a structure no less than ten years old which has been substantially rehabilitated or replaced for commercial or industrial use. The exemption may run with the real estate no longer than fifteen years for property in an enterprise zone and no longer than ten years for all other property.


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