Senate Sponsors: WATSON-O'DANIEL. House Sponsors: GRANBERG Short description: PROP TAX-WATER TREATMNT FACLTY Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that a qualifying water treatment facility means a water treatment facility that is owned by a not for profit corporation that sells potable water to the corporation's members on a mutual or cooperative and not for profit basis. Provides that qualifying water treatment facilities shall be valued for purposes of computing the assessed valuation on the basis of 33 1/3% of the fair cash value, which shall be determined based on the value of the facility if it were removed from the site and sold. Provides for application for a qualifying water treatment facility certificate from the Department of Natural Resources and judicial review for aggrieved parties. Authorizes the Department of Revenue to adopt rules concerning the assessment of qualified facilities. Effective January 1, 2002. Last action on Bill: PUBLIC ACT.............................. 92-0278 Last action date: AUG-07-2001 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status