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1995 SESSION

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HB 1829 Tangible personal property; classifications.

Introduced by: Samuel A. Nixon, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Tangible personal property; classifications. Designates tangible personal property employed in a trade or business which operates in an enterprise zone as a separate classification for rate purposes. This amendment will permit such property to be taxed at a different (lower) rate than the general classification of tangible personal property, if the local governing body elects to adopt such tax policy.


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