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SB 104 - Current law requires personal property to be assessed at 33.3% of its true value in money. Beginning with the 2024 calendar year, this act reduces such percentage by one percent a year through the 2035 calendar year. Beginning with the 2036 calendar year, personal property shall be assessed at 20% of its true value in money. This act is substantially similar to a provision in SS/SCS/SB 8 (2023) and SCS/HCS#2/HB 713 (2023). JOSH NORBERG
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