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SB 783 - Currently, telephone companies have their tangible personal property assessed in the same manner as railroads. Beginning in the 2017 tax year, this act allows telephone companies to make a one-time decision to have their tangible personal property assessed in accordance with depreciation schedules. This act is identical to SB 305 (2015) and substantially similar to HCS/HB 857 (2015). This act is substantially similar to a provision in SCS/HCS/HB 299 (2015) and SS/SB 339 (2015). DOMENIC SITA
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