ABSTRACT
This chapter addresses the factors to be considered in establishing a management system by which to acquire property tax exemptions for environmental capital equipment.
The first step in the procedure is to define the equipment that may potentially qualify for exemption from state and local property taxes. An equipment potentially may qualify to be classified as "environmental equipment" because a large or significant portion of its cost is attributable to the performance of an environmental function. Also, the equipment may potentially qualify to be classified as environmental equipment because the environmental function being served is technically very significant-regardless of the portion of the equipment cost attributable to serving that function.
