(A) The assessed value of the new manufacturing equipment in the year that the equipment is installed; multiplied by:
Year of Deduction | Percentage |
Year of Deduction | Percentage |
1st | 100% |
2nd | 95% |
3rd | 90% |
4th | 85% |
5th | 80% |
6th | 70% |
7th | 55% |
8th | 40% |
9th | 30% |
10th | 25% |
11th and thereafter | 0% |
(B) All other provisions addressing real and/or personal property are addressed in County Council Res. 1993-03, adopted 5-11-1993, which is incorporated herein by reference and is on file in the office of the County Auditor.
(Prior Code, § 3-91) (Council 1993-03, passed 5-11-1993)