SB 305 – Authorizes telephone companies to elect to have their tangible personal property assessed in accordance with a depreciation schedule

• Sponsor: Onder
• LR Number: 1576S.01I
• Committee: Commerce, Consumer Protection, Energy and the Environment
• Last Action: 5/15/2015 - S Informal Calendar S Bills for Perfection--SB 305-Onder
• Effective Date: August 28, 2015

Current Bill Summary

SB 305 - Currently, telephone companies have their tangible personal property assessed in the same manner as railroads. This act allows telephone companies to annually elect to have their tangible personal property assessed in accordance with depreciation schedules.

This act is substantially similar to HCS/HB 857 (2015). This act is substantially similar to a provision in SCS/HCS/HB 299 (2015) and SS/SB 339 (2015).

MIKE HAMMANN