Sec. 74-33. - Income-producing and business property ineligible for exemption.

No income-producing residential property, business property or combination of residential and business property and no personal property used by the taxpayer in the conduct of business shall be entitled to the exemption provided in this article. It is the purpose of this article to limit said exemption to nonincome-producing residential real property and nonbusiness-use personal property.

(Code 1971, § 21-18)