Tax Relief for the Business Owner
There are two State programs that are available to the business property owner. The programs are the Business Equipment Tax Reimbursement Program (BETR) and Business Equipment Tax Exemption Program (BETE).
Information concerning BETR can be found at the State website.
Information concerning the Business Equipment Tax Exemption (BETE) can be found at the following State website.
This exemption is for qualified business equipment purchased after April 1, 2007. In order to qualify, a business owner must apply for this exemption using the prescribed State form on or before May 1st each year. The application should be sent to the Assessing Department.