SENATE BILL 570

Sponsored By:

Senators Boozer and Munson

Entitled:

Property Tax - Railroad Operating Property

Synopsis:

Altering the method of assessment of railroad operating property for property tax purposes to allow a deduction from the operating personal property assessment; providing for a delayed effective date; and declaring the intent of the General Assembly.

Legislative History

Senate Action

2/2

First Reading Budget and Taxation

2/21

Hearing 3/6 at 5:00 p.m.

3/18

Favorable with Amendments Report by Budget and Taxation

3/19

Favorable with Amendments Report Adopted

Second Reading Passed with Amendments

3/21

Third Reading Passed (47-0)

House Action

3/21

First Reading Ways and Means

3/22

Hearing 3/27 at 1:00 p.m.

4/8

Favorable Report by Ways and Means

4/5

Favorable Report Adopted

Second Reading Passed

Sponsored by:

Senator F. Vernon Boozer, District 9

Senator Donald F. Munson, District 2

Bill indexed under the following Subjects:

ASSESSMENTS

EXEMPTIONS

PERSONAL PROPERTY

PROPERTY TAX -see also- ASSESSMENTS

RAILROADS

Bill affects the following Statute:

Tax - Property

( 8-108 )

Documents:

Bill Text:

First Reading (PDF), Third Reading (PDF), Enrolled

Fiscal Note: Available (PDF)

Amendments:

Senate

Number: 228491/1 (PDF) Offered on: MARCH 19, 1996 at: 11:50 Status: Adopted