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82.29A.135  <<  82.29A.136 >>   82.29A.137

ExemptionsCertain residential and recreational lots.

All leasehold interests consisting of three thousand or more residential and recreational lots that are or may be subleased for residential and recreational purposes are exempt from tax under this chapter.

NOTES:

Effective date2001 c 26 § 1: "Section 1 of this act takes effect January 1, 2002." [ 2001 c 26 § 6.]
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