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Lawmakers consider removing outdated farm equipment manual from statute
House Taxation Committee · January 9, 2025
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Summary
House Bill 108 would eliminate a 1998 supplemental manual for valuing agricultural implements and instead value such equipment by acquisition year and cost; DOR witnesses said the manual is outdated and difficult to maintain.
House Taxation Committee members heard that House Bill 108 would remove the statutory requirement that the Department of Revenue maintain a supplemental farm equipment valuation manual and instead value unlisted agricultural implements using the year acquired and acquisition cost with depreciation.
Representative Eric Tillman introduced…
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