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House Bill 1254

House Bill 1254

ARCHIVE (2010)

Latest Information


Certified technology parks. Permits a county fiscal body to allow a 100% assessed value deduction for personal property that is primarily used to conduct high technology activity and is newly located within a certified technology park. Requires the county council of a county in which a certified technology park is located to determine how many years the personal property is entitled to a deduction. Provides that the deduction must be granted for at least two years but not more than ten years. Excludes from the deduction any personal property that is part of the assessed value used for tax increment financing and personal property that is used primarily for routine administrative purposes.
Current Status:
In Committee - first House
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