SB 92
Modifies provisions relating to the assessment of certain public utility property
Sponsor:
LR Number:
0901S.05C
Last Action:
4/19/2021 - Informal Calendar S Bills for Perfection w/SCS
Journal Page:
Title:
SCS SB 92
Calendar Position:
Effective Date:
August 28, 2021

Current Bill Summary

SCS/SB 92 - Beginning January 1, 2022, this act provides that any real and personal property owned by a public utility company that was constructed using chapter 100 financing shall, upon the transfer of such property to the public utility company, be assessed upon the local tax rolls. Any property consisting of land and buildings shall be assessed pursuant to current law relating to the assessment of such property in general, and all other business or personal property shall be assessed pursuant to the depreciation schedule provided under current law.

This act is substantially similar to HB 2680 (2020).

JOSH NORBERG

Amendments

No Amendments Found.