Modifies provisions governing tangible personal property assessments of boats

Summary

The bill revises the rules that determine which county can assess taxes on boats, houseboats, floating docks, and certain farm gear. It ties assessment to the owner's residence or the item’s location, and adds a mileage‑based formula for tractors and trailers used in interstate commerce. The goal is to prevent double assessment and align tax responsibility with where the property is used.

AI-generated summary — may be incomplete or inaccurate. Verify against the official bill text.

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