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taxes paid for the 1996 property tax year is grandfathered into the | | program and continues to be eligible for reimbursements for up to | 12 |
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| | | This bill amends the business equipment tax reimbursement | | program to limit reimbursement to the taxes paid on 90% of the | | value of the eligible property. It also reduces the years that | | eligible property is subject to reimbursement from 12 years to 10 | | years. |
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