FINAL BILL REPORT

HB 205

                                  C 153 L 87

BYRepresentative Madsen; by request of Department of Revenue

Transferring assessment authority for motor vehicle transportation companies to county assessors.

House Committe on Ways & Means/Revenue

Senate Committee on Ways & Means

SYNOPSIS AS ENACTED

BACKGROUND:

The Department of Revenue currently assesses motor vehicle freight and passenger carriers for property tax purposes.  This was valid when a franchise value could be established for such companies in addition to the value of their operating property.  Since these companies are no longer regulated as to routes served, franchise values can no longer be established.  Assessment of the real property of motor vehicle carriers could be transferred to county assessors, thus freeing department staff for other property tax valuation projects.

SUMMARY:

Motor vehicle transportation companies are removed from the list of companies assessed by the Department of Revenue, thereby returning their property tax assessment to the county assessor.

VOTES ON FINAL PASSAGE:

      House 96   0

      Senate    46     0

EFFECTIVE:July 26, 1987