1997 Regular Session

SENATE BILL 746

CHAPTER NUMBER: 629 File Code: Miscellaneous Crossfiled with: HOUSE BILL 512
Sponsored By:
Senators Hoffman, Amoss, and Hogan
Entitled:
Telecommunications Tax Reform

Synopsis:

Excluding specified gross charges from the definition of "gross receipts" subject to the public service company franchise tax; providing a credit against the State income tax for specified property taxes paid by a public utility that is a telecommunications company; requiring the Public Service Commission to determine and require a specified reduction in local telephone rates; requiring an addition modification under the income tax in the amount of a specified credit; requiring a specified report; etc.

Legislative History

Senate Action
1/31
First Reading Budget and Taxation
2/12
Hearing 3/4 at 4:00 p.m.
3/25
Favorable with Amendments Report by Budget and Taxation
3/26
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/27
Third Reading Passed (35-11)
4/6
Senate Concur - House Amendments
Third Reading Passed (41-0)
Passed Enrolled
5/22
Signed by the Governor Chapter 629
House Action
3/25
First Reading Ways and Means
3/28
Hearing 4/1 at 1:00 p.m.
4/5
Favorable with Amendments Report by Ways and Means
4/3
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
4/4
Third Reading Passed with Amendments (133-0)
Sponsored by:
Senator Barbara A. Hoffman, District 42
Senator William H. Amoss, District 35
Senator Patrick J. Hogan, District 39
Bill indexed under the following Subjects:
DISCLOSURE
EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
EXEMPTIONS
FRANCHISES
INCOME TAX
PERSONAL PROPERTY
PRICES
PROPERTY TAX -see also- ASSESSMENTS
PUBLIC SERVICE COMMISSION
REPORTS -see also- RECORDS
REVENUE AND TAXES -see also specific taxes -
SALES AND USE TAX
TAX CREDITS
TELECOMMUNICATIONS
TELEPHONES
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES
Bill affects the following Statutes:
Tax - General
( 8-401 , 8-409 , 10-306 , 10-307 , 10-708 )
Tax - Property
( 1-101 )

Documents:

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

Amendments:
Senate
Number: 829707/2 (PDF) Offered on: MARCH 26, 1997 at: 13:31 Status: Adopted
House
Number: 515330/1 (PDF) Offered on: APRIL 7, 1997 at: 11:31 Status: Adopted