The secretary of the Department of Revenue may promulgate rules, pursuant to chapter 1-26 , concerning this exemption to: (1) Specify the real and personal property that makes up an environmental upgrade; (2) Determine the original and depreciated cost of the environmental upgrade; (3) Establish a procedure to calculate the effect of the exemption upon the assessed value of the coal-fired power plant; and (4) Allocate the exemption between the ownership of the coal-fired power plant.
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