Deduction for investment property; amount
Sec. 5. (a) A manufacturer is entitled to a deduction from the
assessed valuation of the investment property in the first year that the
investment property is subject to assessment under this article.
(b) The amount of a deduction described in subsection (a) equals
the product of:
(1) the assessed value of the investment property; multiplied by
(2) fifteen hundredths (0.15).
As added by P.L.215-2003, SEC.1.
Last modified: May 28, 2006