SB 783 - Onder, Bob
Authorizes telephone companies to elect to have their tangible personal property assessed in accordance with a depreciation schedule
Bill Details
Sponsor
LR Number
4049S.01P
Title
SB 783
House Handler
N/A
Journal Page
N/A
Effective Date
August 28, 2016
Current Status
Informal Calendar S Bills for Third Reading--SB 783-Onder
Quick Links
Amendments
CURRENT BILL SUMMARY
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