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SB 409 - For the purposes of calculating the amount of assessed valuation of personal property, current law provides that the definition of new construction and improvements is the aggregate increase in valuation of personal property for the current year over that of the previous year. This act provides that new construction and improvements shall not include increases in the assessed valuation of a motor vehicle as determined pursuant to current law. This act is substantially similar to HB 754 (2023). JOSH NORBERG
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