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House Bill 1180


House Bill 1180

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Excludes inventory from property tax assessment. Converts the 100% property tax deduction for inventory to an exemption by excluding inventory from the definition of personal property subject to the property tax. Deletes references to inventory as taxable personal property. Repeals property tax credits and exemptions applicable to inventory. Makes related changes.
Current Status:
 In Committee - first House
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