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Senate Bill 0485


Senate Bill 0485

ARCHIVE (2004)

Latest Information

 

DIGEST OF INTRODUCED BILL


Inventory taxation. Eliminates the property tax exemption for inventory used in the production of personal property shipped out of state and replaces the exemption with a property tax replacement credit. Excludes the inventory subject to the credit from the statewide deduction for inventory scheduled to take effect in 2007.
    Current Status:
     In Committee - first House
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