SENATE BILL NO. 86
INTRODUCED BY HALLIGAN M
BY REQUEST OF THE REVENUE OVERSIGHT COMMITTEE
A BILL FOR AN ACT ENTITLED: "AN ACT PLACING ALL ELECTRICAL TRANSMISSION AND DISTRIBUTION PROPERTY INTO A SINGLE PROPERTY TAX CLASS; SUBMITTING THE TAX INCREASE TO THE ELECTORATE; PROVIDING A CONTINGENT VOIDNESS PROVISION; AND PROVIDING AN EFFECTIVE DATE AND AN APPLICABILITY DATE."
BE IT ENACTED BY THE LEGISLATURE OF THE STATE OF MONTANA:
NEW SECTION. Section 1. Class eleven property -- description -- taxable percentage. (1) Class eleven property includes all electrical transmission and distribution property owned by an electric utility or a rural cooperative association organized under the laws of Montana, including, if congress passes legislation that allows the state to tax property owned by an agency created by congress to transmit or distribute electric energy, allocations of property constructed, owned, or operated by a public agency created by congress to transmit or distribute electric energy produced at privately owned generating facilities.
(2) Class eleven property is taxed at 11% of its market value.
NEW SECTION. Section 2. Submission to electorate. This act shall be submitted to the qualified electors of Montana at the tax election to be held in 1999 by printing on the ballot the full title of this act and the following:
SHALL THE PROPERTY TAXES ON CERTAIN ELECTRICAL TRANSMISSION FACILITIES BE INCREASED ANNUALLY BY VARYING AMOUNTS FOR SOME ELECTRICAL COOPERATIVES AND ELECTRICITY COMPANIES IN THE FOLLOWING MANNER?
[] FOR creating a new property tax class for all electrical transmission and distribution property.
[] AGAINST creating a new property tax class for all electrical transmission and distribution property.
NEW SECTION. Section 3. Codification instruction. Section 1 is intended to be codified as an integral part of Title 15, chapter 6, part 1, and the provisions of Title 15, chapter 6, part 1, apply to section 1.
NEW SECTION. Section 4. Contingent voidness. If Constitutional Initiative No. 75, enacting Article VIII, section 17, of the Montana constitution, is declared invalid, then this act is void.
NEW SECTION. Section 5. Effective date. This act is effective January 1, 2000.
NEW SECTION. Section 6. Applicability. If approved by the electorate, this act applies to tax years beginning after December 31, 1999.
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Latest Version of SB 86 (SB0086.01)
Processed for the Web on December 18, 1998 (2:36PM)
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Status of this Bill
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