SENATE BILL 853

File Code: Taxes - Property

Sponsored By:

Senators Miller, Astle, Currie, DeGrange, Lawlah, and Middleton

Entitled:

Property Tax Exemption - Property Used to Generate Electricity, Steam, or Hot or Chilled Water

Synopsis:

Repealing a partial exemption under the 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; and applying the Act to tax years beginning after June 30, 2004.

History by Legislative Date

Senate Action

2/20

First Reading Senate Rules

2/27

Re-referred Budget and Taxation

3/17

Hearing 3/30 at 1:00 p.m.

3/29

Hearing cancelled

Hearing 3/31 at 1:00 p.m.

House Action

No Action

Sponsored by:

Senator Thomas V. Mike Miller, Jr., District 27

Senator John C. Astle, District 30

Senator Ulysses Currie, District 25

Senator James E. DeGrange, Sr., District 32

Senator Gloria Lawlah, District 26

Senator Thomas McLain Middleton, District 28

Bill indexed under the following Subjects:

EQUIPMENT -see also- MOTOR VEHICLE EQUIPMENT

EXEMPTIONS

HEATING AND COOLING

PROPERTY TAX

UTILITIES -see also- HIGH VOLTAGE LINES; TELEPHONES; WATER

Bill affects the following Statute:

Tax - Property

( 7-237 )

Documents:

Bill Text: First Reading (PDF), Third Reading, Enrolled

Fiscal Note: Available (PDF)

Amendments: None offered