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Businesses and counties spar over expanding business equipment tax exemption
Summary
SB322 would raise the business equipment tax exemption, with proponents arguing relief for equipment‑intensive small businesses and counties urging bridge and budget impacts; committee held further fiscal analysis and agreed to delay executive action to allow updated fiscal notes.
Sen. Josh Kasmeier presented Senate Bill 322 to increase the Class 8 business equipment tax exemption for small and equipment-intensive businesses. Supporters — including the Department of Revenue director, agriculture and building-industry groups, chambers of commerce and stock-growers associations — argued the change reduces reporting…
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