Legislation - SB0774

Title: Property Tax - Payment in Lieu of Taxes Agreements - Broadband Service Providers
Sponsored by: Senators Hershey and Zucker
Status: In the Senate - Second Reading Passed with Amendments
Analysis: Fiscal and Policy Note

Synopsis

Requiring the State Department of Assessments and Taxation, subject to certain limitations, to use a certain method when determining the value of the operating property of a provider of rural broadband service; authorizing the Department to use a certain replacement cost approach only if the value determined is less than the value determined using a certain income approach; and applying the Act to all taxable years beginning after June 30, 2025.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Committee Testimony

Witness List

Details

Cross-filed with: HB0969

Bill File Type: Regular

Effective Date(s): June 1, 2025

History

Legislation History
Chamber Senate Calendar Date 1/31/2025 Legislative Date 1/27/2025 Action First Reading Budget and Taxation Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax - Valuation of Operating Property of Rural Broadband Service Providers Proceedings
Chamber Senate Calendar Date 2/03/2025 Legislative Date 2/03/2025 Action Hearing 2/25 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/14/2025 Legislative Date 2/14/2025 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/14/2025 Legislative Date 2/14/2025 Action Hearing 2/26 at 1:00 p.m. Proceedings
Chamber Senate Calendar Date 2/17/2025 Legislative Date 2/17/2025 Action Hearing canceled Proceedings
Chamber Senate Calendar Date 2/17/2025 Legislative Date 2/17/2025 Action Hearing 2/26 at 2:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - Senate - Committee - Budget and Taxation Proceedings Click to view Recorded Media
Chamber Senate Calendar Date 3/10/2025 Legislative Date 3/10/2025 Action Favorable with Amendments Report by Budget and Taxation Proceedings
Chamber Senate Calendar Date 3/11/2025 Legislative Date 2/21/2025 Action Favorable with Amendments {803624/1 Adopted Proceedings 41 Click to view Recorded Media
Chamber Senate Calendar Date 3/11/2025 Legislative Date 2/21/2025 Action Second Reading Passed with Amendments Proceedings 41 Click to view Recorded Media
Chamber Calendar Date Legislative Date Action Text - Third - Property Tax - Payment in Lieu of Taxes Agreements - Broadband Service Providers Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/31/2025	1/27/2025	First Reading Budget and Taxation
			Text - First - Property Tax - Valuation of Operating Property of Rural Broadband Service Providers
Senate	2/03/2025	2/03/2025	Hearing 2/25 at 1:00 p.m.
Senate	2/14/2025	2/14/2025	Hearing canceled
Senate	2/14/2025	2/14/2025	Hearing 2/26 at 1:00 p.m.
Senate	2/17/2025	2/17/2025	Hearing canceled
Senate	2/17/2025	2/17/2025	Hearing 2/26 at 2:00 p.m.
			Vote - Senate - Committee - Budget and Taxation	Click to view Recorded Media
Senate	3/10/2025	3/10/2025	Favorable with Amendments Report by Budget and Taxation
Senate	3/11/2025	2/21/2025	Favorable with Amendments {803624/1 Adopted	41 Click to view Recorded Media
Senate	3/11/2025	2/21/2025	Second Reading Passed with Amendments	41 Click to view Recorded Media
			Text - Third - Property Tax - Payment in Lieu of Taxes Agreements - Broadband Service Providers

File Code

Subjects

Statutes