With the passage of the bills eliminating the industrial
portion of the Personal Property Tax (PPT) in 2012, several
technical clarifications remain to be addressed. Clarifications
such as the definition of “eligible manufacturing personal
property” and “new personal property” are needed to
provide clear direction to both the State and business
community in the implementation of the new law. In
addition, since the new law requires support of a statewide
vote as a condition of implementation, we must develop
plans to ensure successful passage of the ballot proposal.
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