SCS/SB 92 - Beginning January 1, 2022, this act provides that any real and personal property owned by a public utility company that was constructed using chapter 100 financing shall, upon the transfer of such property to the public utility company, be assessed upon the local tax rolls. Any property consisting of land and buildings shall be assessed pursuant to current law relating to the assessment of such property in general, and all other business or personal property shall be assessed pursuant to the depreciation schedule provided under current law. This act is identical to provisions contained in HCS/SS/SB 44 (2021), CCS/SS/SCS/HCS/HB 734 (2021), and HCS/HB 835 (2021), and is substantially similar to HCS/HB 524 (2021) and HB 2680 (2020).
JOSH NORBERG