I read the bill and a couple of things stood out. First they are limiting the Business personal property tax exemption to businesses with less than $100,000 in business equipment. The County collects very little tax on this level of business equipment. Secondly there is a mechanism to reimburse the local governments through the entitlement share for the lost class 8 taxes. I am fine with this bill. -Andrew
I read the bill and a couple of things stood out. First they are limiting the Business personal property tax exemption to businesses with less than $100,000 in business equipment. The County collects very little tax on this level of business equipment. Secondly there is a mechanism to reimburse the local governments through the entitlement share for the lost class 8 taxes. I am fine with this bill.
ReplyDelete-Andrew