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DIGEST OF INTRODUCED BILL
Exemption of personal property. Provides that, beginning with the March 1, 2014, assessment date, a taxpayer is entitled to an exemption for the taxpayer's new personal property located in a county, unless the county council adopts an ordinance specifying that the exemption does not apply to that particular county. Limits the exemption to the first $100,000 of a taxpayer's new personal property located in the county.