2000 Regular Session

SENATE BILL 414

CHAPTER NUMBER: 526 File Code: Taxes - Miscellaneous
Sponsored By:
Senator Hoffman
Entitled:
Property Taxation - Property Used to Generate Steam or Hot or Chilled Water

Synopsis:

Providing a credit against the corporate income tax for 60% of property taxes paid by a public utility on operating real property used to generate steam for sale; providing an addition modification under the corporate income tax in the amount of the credit; providing a partial exemption from property tax for machinery and equipment used to generate electricity or steam for sale or hot or chilled water for sale that is used to heat or cool a building; etc.

History by Legislative Date

Senate Action
2/4
First Reading Budget and Taxation
2/21
Hearing 3/8 at 1:30 p.m.
3/27
Favorable with Amendments Report by Budget and Taxation
3/28
Favorable with Amendments
Laid Over (Senator Della) Adopted
3/29
Favorable with Amendments
Special Order 3/30 (Senator Della) Adopted
3/30
Favorable with Amendments Report Adopted
Second Reading Passed with Amendments
3/31
Third Reading Passed (47-0)
4/10
Senate Concur - House Amendments
Third Reading Passed (47-0)
Passed Enrolled
5/18
Signed by the Governor Chapter 526
House Action
3/29
First Reading Ways and Means
3/31
Hearing 4/5 at 1:00 p.m.
4/7
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 (108-21)
Bill indexed under the following Subjects:
EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT
EXEMPTIONS
HEATING AND COOLING
INCOME TAX
PROPERTY TAX
REAL PROPERTY
TAX CREDITS -see also- CIRCUIT BREAKER
UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER
WATER
Bill affects the following Statutes:
Tax - General
( 10-306 , 10-712 )
Tax - Property
( 7-237 , 8-101 )

Documents:

Bill Text: First Reading (PDF), Third Reading (PDF), Enrolled (PDF)
Fiscal Note: Available (PDF)
Amendments:
Senate
Number: 569634/1 (PDF)     Offered on: March 30, 2000   at: 11:08 a.m.     Status: Adopted
House
Number: 825761/1 (PDF)     Offered on: April 7, 2000   at: 12:43 p.m.     Status: Adopted
Roll Call Votes (Legislative dates are shown):
Senate
March 31, 2000: Third Reading Passed (47-0)
April 10, 2000: Third Reading Passed (47-0)
House
April 4, 2000: Third Reading Passed (108-21)