HELENA (AP) - The taxable value of business equipment property dropped slightly in tax year 2003, renewing debate over whether such tax breaks for businesses really spur economic development in the state.

Sen. Jon Ellingson, D-Missoula, said the latest figures are more evidence that the tax breaks passed by Republican-controlled Legislatures in recent sessions have not worked.

Sen. Mike Taylor, R-Proctor, sponsor of a major 1999 tax reduction for business equipment property, said it takes time to see an economic turnaround after tax cuts. He predicted that turnaround will still occur, possi...