House Bill 1556
Introduced House Bill (H)
DIGEST
Enterprise zones. Eliminates the 30% minimum personal property tax depreciation floor for depreciable personal property that is located within an enterprise zone on an assessment date beginning after December 31, 2017. Amends the definition of "qualified investment" for purposes of an enterprise zone investment deduction after 2017 to include new information technology equipment, new research and development equipment, and new logical distribution equipment.
Enterprise zones. Eliminates the 30% minimum personal property tax depreciation floor for depreciable personal property that is located within an enterprise zone on an assessment date beginning after December 31, 2017. Amends the definition of "qualified investment" for purposes of an enterprise zone investment deduction after 2017 to include new information technology equipment, new research and development equipment, and new logical distribution equipment.
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