Bills › 88th General Assembly
Where it is now
- Done: IntroducedApril 2, 2019
- Done: SubcommitteeApril 2, 2019
- Stopped: Senate committeeDied when the General Assembly ended
- Next: Passes the Senate
- Next: House committee
- Next: Passes the House
- Next: To the Governor
- Next: Signed into law
Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?
What’s in it
This bill relates to the assessment and taxation of pipeline companies. Under Code chapter 438, pipeline companies are assessed by the department of revenue for property tax purposes on all property, real and personal, owned by the pipeline company and used in the operation of the pipeline. The valuation determined by the department of revenue is then reported and apportioned to the local taxing districts and the value is taxed in the same manner as other property within the applicable taxing districts.
Read the full explanation
_____ personal equipment property shall not be assessed and taxed under Code chapter 438. Accordingly, the bill requires the annual property statement prepared and filed by each pipeline company with the department of revenue to identify the company’s personal equipment property. The bill defines “personal equipment property” to include the following if used in the operation of the pipeline company and not attached to the real estate or pipelines of the pipeline company: (1) office furniture, equipment, and computers; (2) transportation equipment; (3) tools, shop, garage, and stores equipment; (4) laboratory equipment; (5) power-operated equipment; and (6) communications equipment. The bill applies to assessment years beginning on or after January 1, 2020.
Senate subcommittee
Named April 2, 2019. It hasn’t reported yet.
- Sen. Randy Feenstra R
- Sen. Giddens
- Sen. R. Smith
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part