HB 2640 Machinery and tools tax; definition of original total capitalized cost.
Kathy J. Byron | all patrons    ...    notes
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Summary as introduced:
Machinery and tools tax; definition of original total capitalized cost. Provides that, for purposes of the machinery and tools tax, "original total capitalized cost," which is used to calculate assessed value, means the property's cost when acquired by the current owner plus any amount incurred to extend its useful life. If the property was not acquired in an arm's-length transaction, the prior owner's original total capitalized cost is used. Acquisitions are presumed to be arm's-length unless the current owner bought the property from an affiliate.

Full text:
01/10/19  House: Presented and ordered printed 19103646D  pdf | impact statements

Status:
01/10/19  House: Presented and ordered printed 19103646D
01/10/19  House: Referred to Committee on Finance
01/22/19  House: Assigned Finance sub: Subcommittee #1
01/23/19  House: Subcommittee recommends reporting (5-Y 3-N)
01/28/19  House: Reported from Finance (14-Y 8-N)
01/30/19  House: Read first time
01/31/19  House: Passed by for the day
02/01/19  House: Passed by for the day
02/04/19  House: Read second time
02/04/19  House: Engrossment refused by House