SB 1184 - Griesheimer, John
Modifies the assessment of business tangible personal property
Bill Details
Sponsor
LR Number
4119S.03I
Title
SB 1184
House Handler
N/A
Journal Page
N/A
Effective Date
January 1, 2005
Committee
Current Status
SCS Voted Do Pass S Ways & Means Com. (4119S.05C)
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SCS/SB 1184 - This act specifies that, for business tangible personal property, the true value in money of the property shall be the installed fair market value of the property. The act defines the exact type of property and defines installed fair market value. The act establishes a table to provide assessors with guidance as to the proper valuation of various types of property and the depreciation of such property. The act provides that the tables and the assessors adjustments shall be presumed to be valid.
JEFF CRAVER