PROP TX-PWR PLANT-VALUE
Synopsis of Bill as introduced:
Amends the Property Tax Code. Provides that the fair cash value
of a nuclear power plant owned by an electric utility as of Nov. 1,
1997 that is closed on or after December 16, 1997 shall be determined
using original cost less depreciation of the nuclear power plant, with
the rate of depreciation set at the rate in effect November 1, 1997.
Provides that the rate shall be in effect for as long as the plant is
closed. Effective immediately.
Last action on Bill: SESSION SINE DIE
Last action date: 99-01-12
Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0
END OF INQUIRY
Full Text Bill Status