Joint Resolution 0005
DIGEST OF SJ0005 (Updated April 14, 2003 11:44 AM - DI 84)
Property tax exemption. Allows the general assembly to enact a law to exempt from property taxation: (1) inventory; (2) tangible personal property used in the production of income; and (3) tangible real property used as a primary residence by the owner, an individual buying the property on contract, or an individual having a beneficial interest in the owner. The proposed amendment has been agreed to by one general assembly.
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