1996 Regular Session

SENATE BILL 570

File Code: Taxes - Property Prior Year Introduction As: HB 338/95 - W&M
Sponsored By:
Senators Boozer and Munson
Entitled:
Property Tax - Railroad Operating Property

Synopsis:

Altering the method of assessment of railroad operating property for property tax purposes to allow a deduction from the operating personal property assessment; providing for a delayed effective date; and declaring the intent of the General Assembly.

Legislative History

Senate Action
2/2
First Reading Budget and Taxation
2/21
Hearing 3/6 at 5:00 p.m.
3/18
Favorable with Amendments Report by Budget and Taxation
3/19
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/21
Third Reading Passed (47-0)
House Action
3/21
First Reading Ways and Means
3/22
Hearing 3/27 at 1:00 p.m.
4/8
Favorable Report by Ways and Means
4/5
Favorable Report Adopted
Second Reading Passed
Sponsored by:
Senator F. Vernon Boozer, District 9
Senator Donald F. Munson, District 2
Bill indexed under the following Subjects:
ASSESSMENTS
EXEMPTIONS
PERSONAL PROPERTY
PROPERTY TAX -see also- ASSESSMENTS
RAILROADS
Bill affects the following Statute:
Tax - Property
( 8-108 )

Documents:

Bill Text:
First Reading (PDF), Third Reading (PDF), Enrolled
Fiscal Note: Available (PDF)

Amendments:
Senate
Number: 228491/1 (PDF) Offered on: MARCH 19, 1996 at: 11:50 Status: Adopted