LD 1329
pg. 2
Page 1 of 2 An Act to Establish Standards of Depreciation in Determining the Assessed Value... LD 1329 Title Page
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LR 1040
Item 1

 
 
SUMMARY

 
This bill provides that reimbursement for personal property
taxes under the business equipment tax reimbursement program is
limited to the lower of taxes paid on the eligible property or
the taxes that would have been paid if the property tax
assessment was based on the adjusted basis of the eligible
property for federal income tax purposes.


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