SB 898 Tangible personal property tax classifications.
H. Russell Potts, Jr. | all patrons    ...    notes
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Summary:
Tangible personal property tax classifications. Establishes motor carrier transportation property as a separate class of property for tangible personal property tax purposes. By establishing such separate classification, a locality may tax such property at a rate that does not exceed the tangible personal property tax rate on machinery and tools. The classification applies to motor carrier transportation property as defined by the Interstate Commerce Commission, owned or used by a motor carrier of property providing transportation in interstate commerce. It also applies to any vehicle, machine, tractor, trailer, or semitrailer used upon highways in the transportation of passengers or property by a motor carrier. The classification does not apply to rolling stock of a certificated motor carrier, which is assessed state tax at a rate of one dollar per $100 of assessed value by the State Corporation Commission.

Full text:
01/23/95  Senate: Presented & ordered printed LD8702724  pdf
02/22/95  Senate: Bill text as passed Senate and House (SB898ER)  pdf
03/13/95  Governor: Acts of Assembly Chapter text (CHAP0142)  pdf

Status:
01/23/95  Senate: Presented & ordered printed LD8702724
01/23/95  Senate: Referred to Committee on Finance
02/01/95  Senate: Reported from Finance (15-Y 0-N)
02/02/95  Senate: Constitutional reading dispensed (39-Y 0-N)
02/02/95  Senate: VOTE: CONST. READING DISPENSED (39-Y 0-N)
02/02/95  Senate: Passed by for the day
02/02/95  Senate: Reconsideration of passed by for the day (39-Y 0-N)
02/02/95  Senate: VOTE: RECONSIDER (39-Y 0-N)
02/02/95  Senate: Passed by for the day
02/03/95  Senate: Read second time and engrossed
02/03/95  Senate: Constitutional reading dispensed (40-Y 0-N)
02/03/95  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
02/03/95  Senate: Passed Senate (40-Y 0-N)
02/03/95  Senate: VOTE: PASSAGE (40-Y 0-N)
02/03/95  Senate: Communicated to House
02/06/95  House: Placed on Calendar
02/07/95  House: Read first time
02/07/95  House: Referred to Committee on Finance
02/10/95  House: Assigned to Finance sub-committee: 2
02/14/95  House: Reported from Finance (21-Y 1-N)
02/14/95  House: Read second time
02/14/95  House: Constitutional reading dispensed
02/14/95  House: Passed House (95-Y 5-N)
02/14/95  House: VOTE: PASSAGE (95-Y 5-N)
02/22/95  Senate: Bill text as passed Senate and House (SB898ER)
02/27/95  Senate: Enrolled
02/28/95  House: Signed by Speaker
03/01/95  Senate: Signed by President
03/09/95  Governor: Approved by Governor-Chapter 142 (effective 7/1/95)
03/13/95  Governor: Acts of Assembly Chapter text (CHAP0142)