Legislation - SB0774

Title: Property Tax - Valuation of Operating Property of Rural Broadband Service Providers
Sponsored by: Senators Hershey and Zucker
Status: In the Senate - First Reading Budget and Taxation
Analysis

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

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	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

File Code

Subjects

Statutes