To revise methods used by local governments to calculate the taxable value of commercial “personal property” (tools and equipment) and industrial property for purposes of receiving state reimbursement of foregone taxes under the complex system of exemptions and subsidies for property taxes that are levied on these assets. This bill applies to intermediate school district “enhancement millages,” and is part of a package comprised of House Bills 4926 to 4930.
| 96 Yeas / 9 Nays | |
|---|---|
| Excused or Not Voting (4) | |
|---|---|
