2005 Senate Bill 692

Revise business tool and equipment tax assessment rules

Introduced in the Senate

Aug. 31, 2005

Introduced by Sen. Nancy Cassis (R-15)

To prohibit local property tax assessors from using a depreciation schedule for personal property (business tools and equipment) that assigns the property a value less than 10 percent of its original taxable value, with certain exceptions.

Referred to the Committee on Finance