90th General Assembly Summary of HB2383    [ Home ]   [ Back ]   [ Legislation ]

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House Sponsors:
KUBIK-O'BRIEN-BRUNSVOLD.

Short description: 
PROP TX POWER STATION-VALUE                                                

Synopsis of Bill as introduced:
        Amends  the  Property  Tax  Code.   Provides  that   during   the      
   transition  period  established under the Public Utilities Act for the      
   deregulation of the generation of electricity the  assessed  valuation      
   of  electric  generating stations shall be frozen at the valuation for      
   tax year 1995.   Authorizes  subsequent  reduction  of  5%  per  year.      
   Limits  total  reduction  to  80%  of  the  1995  valuation. Effective      
   immediately.                                                                
          FISCAL NOTE (Dpt. Revenue)                                           
          HB2383 does not create a fiscal impact to the State. Potential       
          loss to some local taxing districts could total $13.4 million.       
 
Last action on Bill: SESSION SINE DIE

   Last action date: 99-01-12

           Location: House

 Amendments to Bill: AMENDMENTS ADOPTED: HOUSE -   0     SENATE -   0


   END OF INQUIRY 


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