Laws, Regulations & Annotations

Property Taxes Law Guide – Revision 2014
 

Property Tax Annotations


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F

430.0000 FINANCIAL CORPORATIONS

Annotation 430.0005

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).