Legislation - HB0969

Title: Property Tax – Valuation of Operating Property of Rural Broadband Service Providers
Sponsored by: Delegate A. Johnson
Status: In the House - Favorable with Amendments Report by Ways and Means
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:: Ways and Means

Details

Cross-filed with: SB0774

Bill File Type: Regular

Effective Date(s): June 1, 2025

History

Legislation History
Chamber House Calendar Date 1/31/2025 Legislative Date 1/31/2025 Action First Reading Ways and Means Proceedings
Chamber Calendar Date Legislative Date Action Text - First - Property Tax – Valuation of Operating Property of Rural Broadband Service Providers Proceedings
Chamber House Calendar Date 2/04/2025 Legislative Date 2/04/2025 Action Hearing 2/18 at 1:00 p.m. Proceedings
Chamber Calendar Date Legislative Date Action Vote - House - Committee - Ways and Means Proceedings Click to view Recorded Media
Chamber House Calendar Date 3/14/2025 Legislative Date 3/14/2025 Action Favorable with Amendments Report by Ways and Means Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
House	1/31/2025	1/31/2025	First Reading Ways and Means
			Text - First - Property Tax – Valuation of Operating Property of Rural Broadband Service Providers
House	2/04/2025	2/04/2025	Hearing 2/18 at 1:00 p.m.
			Vote - House - Committee - Ways and Means	Click to view Recorded Media
House	3/14/2025	3/14/2025	Favorable with Amendments Report by Ways and Means

File Code

Subjects

Statutes