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1997 SESSION

• | print version

SB 928 License tax on public service corporations.

Introduced by: Charles J. Colgan | all patrons    ...    notes | add to my profiles

SUMMARY:

License tax on public service corporations. Excludes from the taxable gross receipts of a water, heat, light, or power company any receipts from a lease-leaseback transaction. However, the net benefit received by a tax-exempt entity in a lease-leaseback transaction will be included in its gross receipts. The net benefit is defined as the difference between the amounts received by the lessor in a lease-leaseback transaction and the amounts it is required to pay the lessee.

FULL TEXT

• 01/16/97  Senate: Presented & ordered printed 973537633  pdf
• 01/30/97  Senate: Committee substitute printed 975759633-S1  pdf
• 02/03/97  Senate: Printed as engrossed 975759633-ES1  pdf

AMENDMENTS

• Senate amendments

HISTORY

• 01/16/97  Senate: Presented & ordered printed 973537633
• 01/16/97  Senate: Referred to Committee on Finance
• 01/30/97  Senate: Committee substitute printed 975759633-S1
• 01/30/97  Senate: Reported from Finance with substitute (17-Y 0-N)
• 01/31/97  Senate: Constitutional reading dispensed (40-Y 0-N)
• 01/31/97  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
• 02/03/97  Senate: Read second time
• 02/03/97  Senate: Reading of substitute waived
• 02/03/97  Senate: Committee substitute agreed to 975759633-S1
• 02/03/97  Senate: Reading of amendment waived
• 02/03/97  Senate: Amendment by Sen. Stosch agreed to
• 02/03/97  Senate: Engrossed by Senate - comm. sub. w/amd. 975759633-ES1
• 02/03/97  Senate: Emergency clause added
• 02/03/97  Senate: Constitutional reading dispensed (40-Y 0-N)
• 02/03/97  Senate: VOTE: CONST. READING DISPENSED (40-Y 0-N)
• 02/03/97  Senate: Passed Senate (40-Y 0-N)
• 02/03/97  Senate: VOTE: PASSAGE (40-Y 0-N)
• 02/03/97  Senate: Communicated to House
• 02/03/97  Senate: Printed as engrossed 975759633-ES1
• 02/05/97  House: Placed on Calendar
• 02/06/97  House: Read first time
• 02/06/97  House: Referred to Committee on Finance
• 02/10/97  House: Failed to report (defeated) in Finance (6-Y 10-N)