State SealARIZONA HOUSE OF REPRESENTATIVES

 

SB 1445: pipeline valuation

PRIME SPONSOR: Senator Borrelli, LD 5

BILL STATUS: Caucus & COW

                                Ways and Means: DP 9-0-0-1

                               

 

Overview

☐ Prop 105 (45 votes) ☐ Prop 108 (40 votes) ☐ Emergency (40 votes) ☐ Fiscal NoteRequires the Department of Revenue (DOR) to adjust the valuation of a pipeline for economic obsolescence and other criteria to determine full cash value.

History

Statute directs DOR to annually determine the valuation of all pipelines that operate in Arizona and report the locations, descriptions and valuations to the respective county assessor for inclusion on the county tax roll. (A.R.S. title 42, chapter 14, article 5)

Provisions

1.       Requires DOR to adjust the valuation of a pipeline for adjustments for economic obsolescence and other criteria to determine full cash value of pipelines. (Sec. 1)

2.       Makes technical changes. (Sec. 1)

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6.       Fifty-fourth Legislature                       SB 1445

7.       First Regular Session                            Version 2: Caucus & COW

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