1st Sub.
H.B.
387
PROPERTY TAX MODIFICATIONS
House Floor
Amendments
Amendment 1 February 29, 2012 11:06 AM
Representative John Dougall proposes the following amendments:
1. Page 2, Line 54 through Page 3, Line 58 :
54 (c) "Noncapitalized personal property" means an item of tangible personal property
55 that:
56 (i) has an acquisition cost of $1,000 or less; and
57 (ii) is claimed as allowed on a federal
{
individual income
}
tax return as a deductible
58 expense under Section 162 or Section 179, Internal Revenue Code, in the year of acquisition.
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LRGC phildean phildean P 02/29/12 11:01a