But here's the deal. $2,500 break isn't all that much of a deal for a small business. So We increased [the property tax exemption for small businesses] this year from $2,500 to now a $125,000 exemption. Our businesses, our business owners, they can keep that money, put it in their pockets, hire more employees, expand their business operations. They will do this. (29:31–29:40)
CLAIM
Asserts that the property tax exemption for small businesses was increased significantly.
This is an excerpt from a raw transcript. The assertions have not been audited or verified. Tap the video to view the source footage and understand the context.