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1999 SESSION

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HB 1851 Personal property tax relief.

Introduced by: S. Vance Wilkins, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY AS PASSED: (all summaries)

Personal property tax relief. Provides that a locality’s tangible personal property tax rate to be used in calculating the state’s payment obligations under the Personal Property Tax Relief Act will be the rate in effect on July 1, 1997, or August 1, 1997, whichever is greater. Currently, the August 1, 1997, rate is used for all localities. This measure is effective retroactive to January 1, 1998.


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