SB 1146 Creates a property tax credit for certain expenses incurred by freight line companies
Sponsor: Clemens
LR Number: 5075S.01I Fiscal Note:
Committee: Ways & Means
Last Action: 2/20/2008 - Second Read and Referred S Ways & Means Committee Journal Page: S317
Title: Calendar Position:
Effective Date: August 28, 2008

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Current Bill Summary

SB 1146 - This act authorizes a property tax credit for expenses incurred to manufacture, maintain, or improve a freight line company's qualified rolling stock up to the amount of their tax liability. Any loss in revenue from a political subdivision will be reimbursed by the state.