§11-6E-1. Short Title

This article shall be known and cited as the "Specialized Manufacturing Production Property Valuation Act".

§11-6E-2. Definitions

(a) When used in this article, or in the administration of this article, terms defined in subsection (b) of this section have the meanings ascribed to them by this section, unless a different meaning is clearly required by the context in which the term is used. (b) Terms defined. (1) "Die" means a device for […]

§11-6E-3. Valuation of Specialized Manufacturing Production Property

Notwithstanding any other provision of this code to the contrary, the value of specialized manufacturing production property, for the purpose of ad valorem property taxation under this chapter and under Article X of the Constitution of this state, shall be its salvage value.

§11-6E-4. Initial Determination by County Assessor

The assessor of the county in which a specific item of property is located shall determine, in writing, whether that specific item of property is specialized manufacturing production property subject to valuation in accordance with this article. Upon making a determination that a taxpayer has specialized manufacturing production property, the county assessor shall notify the […]

§11-6E-5. Protest and Appeal

At any time after the property is returned for taxation but prior to January 1, of the assessment year, any taxpayer may apply to the county assessor for information regarding the issue of whether any particular item or items or property constitute specialized production manufacturing property under this article which should be subject to valuation […]

§11-6E-6. Effective Date

This article shall be effective on and after July 1, 1997.