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Senate Bill 0402


Senate Bill 0402

ARCHIVE (2007)

Latest Information

 

DIGEST OF INTRODUCED BILL


Exclusion of inventory from property tax. 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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