2002 House Bill 6074 ↩

House Roll Call 1014: Passed

To exempt new qualified business alternative energy systems, vehicles, and technology from the personal property tax (capital equipment tax), as well as all personal property possessed by an alternative energy business, or the portion of a non-alternative energy business’s property dedicated to research in the field. Local governments and school districts could "opt out" of the exemption and still impose their portion of the tax, in which case the exemption would apply only to the six-mills levied by the state for school operating expenses.