Close

Share:

PROPERTY TAX REDUCTION

Author: Bethany Gosewehr Date: March 05, 2014

The bill passed on the very last day of the 2013 session and does the following:

  • 10% rollback over 2 years on commercial and industrial property taxes.
  • 100% backfill to local governments for loss revenue on the rollback
  • Property Tax Credit for small businesses
  • Limit assessment growth from 4% to 3% on agriculture and residential propertie
  • Exemption of 20-40% on telecommunications property
  • Establishment of a new “multi-residential” class that will allow apartments, assisted living and nursing homes to be assessed like residential properties
  • Rebate between $30-60 to individual income taxpayers who have tax liability when the Taxpayer Trust Fund receives over $30 million.
  • Earned Income Tax Credit Increase from 7%-15%.

blog comments powered by Disqus

Subscribe For Free News And Tips

Enter your email to get FREE small business insights. Learn more

NFIB.com Poll: Sponsored by Insightly

Do you use a CRM to manage customer information?





POLL RESULTS

Do you use a CRM to manage customer information?

Yes, I use a CRM. - ( 34 votes )

CRM? I use Excel. - ( 16 votes )

Excel? I use paper and pencil! - ( 4 votes )

No, I don't use any CRM system. - ( 15 votes )