Laws, Regulations & Annotations
Property Taxes Law Guide – Revision 2014
Property Tax Annotations
630.0000 PERSONAL PROPERTY
630.0010 Federal Contract. Where the title clause of a federal government contract specifies that upon the contractor's procurement of personalty the title thereof vests and remains in the United States until disposition, the personalty is exempt from ad valorem property taxation notwithstanding its actual use or employment. C 3/4/1994.