Staff Analysis of the Legislation
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04.18.12 The House Ways and Means committee adjourned debate on this bill. 03.26.12 The House Ways and Means committee adjourned debate on this bill. 03.20.12 The House Ways and Means Economic Development, Capital Improvement and Other Taxes subcommittee gave this bill a favorable report. Summary of the bill as introduced: Reduces the property tax assessment ratio from 10.5 percent to 6 percent over a four year period for industrial property and business personal property. |