An Act Regarding the Business Equipment Tax Reimbursement Program and the Business Equipment Tax Exemption Program

CONCEPT DRAFT SUMMARY

This bill is a concept draft pursuant to Joint Rule 208.

This bill proposes to develop a process for identification of the purposes of the Business Equipment Tax Reimbursement program and the business equipment tax exemption program, create a framework for measuring the extent to which the programs meet their identified purposes and identify a mechanism for ongoing measurement of the programs' effectiveness.