HOUSE BILL REPORT

HB 205

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

Majority Report:     Do pass.  (10)

     Signed by Representatives Appelwick, Chair; Basich, Grimm, Holland, Madsen, Rust, Schoon, Taylor, Valle and Winsley.

House Staff:Rick Wickman (786-7150)

AS PASSED HOUSE MARCH 2, 1987

BACKGROUND:

The Department of Revenue currently assesses motor vehicle freight and passenger carriers, as well as other intercounty and interstate utilities 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 can be transferred to county assessors, thus freeing Department staff for other utility valuation projects.

SUMMARY:

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

Fiscal Note:    Attached.

House Committee ‑ Testified For:     Barney McClure, Department of Revenue

House Committee - Testified Against: None Presented.

House Committee - Testimony For:     Transfers the assessment of property tax authority for motor vehicle transportation companies to county tax assessors.

House Committee - Testimony Against: None Presented.