SB 1072 Rolling stock tax on certificated motor vehicle carriers.
Charles L. Waddell | all patrons    ...    notes
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Summary:
Rolling stock tax on certificated motor vehicle carriers. Eliminates, effective January 1, 1997, the assessment of the rolling stock tax on common carriers by motor vehicles operating under a certificate of public convenience and necessity issued by the State Corporation Commission. A motor carrier must have qualified as a certificated motor carrier on December 31, 1994, to be subject to the rolling stock tax. Motor carriers that were not qualified as certificated motor carriers on December 31, 1994, are subject to local personal property taxation. Federal legislation effective January 1, 1995, eliminates the ability of states to enforce regulation of intrastate trucking, thereby invalidating grants of public convenience and necessity to motor carriers.

Full text:
01/23/95  Senate: Presented & ordered printed LD3197605  pdf

Status:
01/23/95  Senate: Presented & ordered printed LD3197605
01/23/95  Senate: Referred to Committee on Finance
02/03/95  Senate: Administratively withdrawn by patron
02/07/95  Senate: Left in Finance