Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2016
Property Tax Annotations
430.0000 FINANCIAL CORPORATIONS
430.0005 Personal Property Exemption. The personal property of financial corporations is exempt from property taxation by reason of State in-lieu taxation of these corporations. Corporations whose principal business is leasing tangible personal property are not financial corporations. LTA 10/10/1979 (No. 79/170).