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1998 SESSION

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SB 619 Taxation of electric utilities.

Introduced by: John C. Watkins | all patrons    ...    notes | add to my profiles

SUMMARY:

Taxation of electric utilities. Eliminates electric utilities from paying the state gross receipts tax, the SCC special assessment tax, and the local gross receipts tax. In place of these taxes, a declining block consumption tax paid by residential, commercial, and industrial users of electric power and a net corporate income tax (part of another bill) paid by certain electric utilities are proposed. These changes are in anticipation of federal deregulation of the electric utility industry. The bill also contains a technical amendment.

FULL TEXT

• 01/26/98  Senate: Presented & ordered printed 985516484  pdf

HISTORY

• 01/26/98  Senate: Presented & ordered printed 985516484
• 01/26/98  Senate: Referred to Committee on Finance
• 02/04/98  Senate: Pursuant to S.Rule 20(j),rereferred by Fin. (15-Y 0-N 1-A)
• 02/04/98  Senate: Rereferred to Commerce and Labor
• 02/09/98  Senate: Continued to 1999 in Commerce and Labor (15-Y 0-N)