1376 AMH WANG H3151.1

HB 1376 - H AMD  688  ADOPTED  6-28-91

By Representatives Wang, Holland and G. Fisher

    On page 5, after line 18, insert the following:

    "NEW SECTION. Sec. 5.    (1) The department of revenue shall conduct a study of the property tax exemptions and valuation rules provided for computer software in sections 3 and 4 of this act.  In the study, the department shall determine whether the exemptions and valuation rules are reasonably necessary and appropriate to achieve fairness, equity, and uniformity in the property tax treatment of computer software.  The study shall also include a review of computer software taxation in other states, techniques for valuing computer software, and the effects of changing technology upon the appropriate application of property taxation to computer software.

    (2) To assist in the performance of the study, the department shall form an advisory committee with appropriate representation from businesses and county assessors.

    (3) The department shall report the findings of the study to the committees of the legislature that deal with revenue matters no later than November 30, 1998."

    Renumber the remaining sections and correct internal references accordingly.