B.__Tangible personal property that meets the qualifications of subsection 3, paragraphs A and B that:

(1)__Is part of a manufacturing facility as defined in section 1752, subsection 6-A; or

(2)__Is machinery and equipment for research as described in section 1760, subsection 32.

SUMMARY

This bill amends the law relating to reimbursement for taxes paid on certain business property to include reimbursement for real estate that is part of a manufacturing facility and to restrict reimbursement for tangible personal property to property that is part of a manufacturing facility or is machinery and equipment for research. The bill applies to property first placed in service after April 1, 2000.