Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2015
Property Tax Annotations
460.0000 FULL CASH VALUE
460.0015 Investment Tax Credit. Full cash value of property is to be determined without consideration being given to any investment tax credit which might be available as the result of a taxpayer's purchase of the property. Such credit is simply a reduction of federal income tax liability, not a purchase discount or rebate offered by a seller as the result of "market" considerations. LTA 2/18/1983 (No. 83/21).