Sec. 11.1-23. Changes in status.
Changes in respect to income, financial worth, ownership of
property or other factors occurring during the taxable year for
which the affidavit is filed and having the effect of violating or
exceeding the limitations and conditions of section 11.1-20, shall
nullify any exemption for the then current taxable year and for
the taxable year immediately following; provided, however, that
no change in income or financial worth which does not have the
effect of violating the maximum limitations of section 11.1-20
shall operate to increase or decrease the percentage of exemption
previously determined by the commissioner of revenue pursuant
to section 11.1-22. (2-20-73.)
