Under existing law certain tangible personal property, up to a certain market value, is exempt from payment of the state levied ad valorem tax. This bill would increase the threshold amount of the market value of tangible personal property that can be exempt from the state levied ad valorem tax. This bill would also make nonsubstantive, technical revisions to update the existing code language to current style.

Statutes affected:
Introduced: 40-9-1