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Senate Bill 0071


Senate Bill 0071

ARCHIVE (2000)

Latest Information

 

DIGEST OF INTRODUCED BILL


Inventory tax phase out. Provides a credit against a taxpayer's state tax liability for property taxes paid on inventory. Provides that the credit is initially equal to 10% of property taxes paid on inventory, and increases the credit percentage over ten years until the credit may be claimed for 100% of property taxes paid on inventory.
    Current Status:
     In Committee - first House
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