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