SENATE 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

Senate Committee on Ways & Means

Senate Hearing Date(s):March 23, 1987

Majority Report:  Do pass.

      Signed by Senators McDermott, Chairman; Gaspard, Vice Chairman; Bauer, Cantu, Craswell, Deccio, Kreidler, McDonald, Moore, Rasmussen, Rinehart, Talmadge, Vognild, Warnke, Williams, Wojahn, Zimmerman.

Senate Staff:Williams Bafus (786-7437)

                  March 26, 1987

AS REPORTED BY COMMITTEE ON WAYS & MEANS, MARCH 23, 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:      available

Senate Committee - Testified: No one