Providing tax exemption eligibility for commercial and industrial machinery and equipment that is currently ineligible for tax exemption due to such equipment being acquired or transported into this state on or before June 30, 2006.
Providing a property tax exemption for new energy storage systems and excluding new energy storage systems from the commercial and industrial machinery and equipment exemption.
Exempts from taxation real and tangible personal property classified as industrial and would extend the exemption period from ten (10) years to twenty (20) years.
Exempts from taxation real and tangible personal property classified as industrial and would extend the exemption period from ten (10) years to twenty (20) years.