90th General Assembly
Summary of SB1309
   [ Home ]   [ Back ]   [ Legislation ]
Please enter a bill number.

 Full Text  Bill Status
Senate Sponsors:

Short description: 
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

           Location: Senate

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


 Full Text  Bill Status