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2007 SESSION
SB 1151 Machinery and tools tax; provides uniform statewide statutory classification for idle machinery.
Introduced by: Frank W. Wagner | all patrons ... notes | add to my profiles
SUMMARY AS INTRODUCED:
Machinery and tools tax; idle machinery and tools; emergency clause. Provides a uniform statewide statutory classification and taxation for idle machinery and tools on a prospective basis by allowing such machinery and tools to be taxed as capital as long as they have not been used for at least one year prior to tax day or they have been identified in writing by the taxpayer to the commissioner of the revenue as machinery and tools that the taxpayer intends to withdraw from service prior to the next tax day. The bill has an emergency clause.
FULL TEXT
- 01/10/07 Senate: Prefiled and ordered printed with emergency clause; offered 01/10/07 077133129 pdf | impact statement
- 01/26/07 Senate: Printed as engrossed 077133129-E pdf | impact statement
- 02/20/07 Senate: Bill text as passed Senate and House (SB1151ER) pdf | impact statement
- 03/14/07 Governor: Acts of Assembly Chapter text (CHAP0159) pdf
AMENDMENTS
HISTORY
- 01/10/07 Senate: Prefiled and ordered printed with emergency clause; offered 01/10/07 077133129
- 01/10/07 Senate: Referred to Committee on Finance
- 01/24/07 Senate: Reported from Finance with amendment (15-Y 0-N)
- 01/25/07 Senate: Constitutional reading dispensed (39-Y 0-N)
- 01/25/07 Senate: VOTE: (39-Y 0-N)
- 01/26/07 Senate: Read second time
- 01/26/07 Senate: Reading of amendment waived
- 01/26/07 Senate: Committee amendment agreed to
- 01/26/07 Senate: Engrossed by Senate as amended SB1151E
- 01/26/07 Senate: Printed as engrossed 077133129-E
- 01/29/07 Senate: Read third time and passed Senate (40-Y 0-N)
- 01/29/07 Senate: VOTE: (40-Y 0-N)
- 01/29/07 Senate: Communicated to House
- 02/05/07 House: Placed on Calendar
- 02/05/07 House: Read first time
- 02/05/07 House: Referred to Committee on Finance
- 02/12/07 House: Reported from Finance (22-Y 0-N)
- 02/13/07 House: Read second time
- 02/14/07 House: Read third time
- 02/14/07 House: Passed House BLOCK VOTE (95-Y 0-N)
- 02/14/07 House: VOTE: BLOCK VOTE PASSAGE (95-Y 0-N)
- 02/20/07 Senate: Enrolled
- 02/20/07 Senate: Bill text as passed Senate and House (SB1151ER)
- 02/21/07 House: Signed by Speaker
- 02/22/07 Senate: Signed by President
- 03/09/07 Governor: Approved by Governor-Chapter 159 (effective 1/1/07)
- 03/14/07 Governor: Acts of Assembly Chapter text (CHAP0159)