SB104 - Authorizes state income tax credit for property tax paid on manufacturing equipment or machinery

SB 0104

Authorizes state income tax credit for property tax paid on manufacturing equipment or machinery

Sponsor:	Sims
LR Number:	S0063.01I	Fiscal Note:	0063-01
Committee:	Ways and Means
Last Action:	03/09/99 - Hearing Conducted S Ways & Means Committee		Journal page:
Title:
Effective Date:	August 28, 1999

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Current Bill Summary

SB 104 - This act authorizes an income tax credit in an amount equal to twenty percent of the property taxes paid on manufacturing equipment or machinery purchased after December 31, 1999.

The act is similar to SB 949 (1998).
RUSS HEMBREE