- Introduced -

SB 849 - This act gives the State Tax Commission the exclusive power of original assessment of the distributable property of freight line companies and requires the Director of Revenue to collect the taxes on such property. The bill creates the County Private Car Tax Trust Fund and requires apportionment of the revenues to each county in proportion to the mainline track mileage located in that county. Each county is required to apportion 70% of the revenues to the local school districts and the remaining 30% to county general revenue.

RUSS HEMBREE