Title: Establishes Multiple Property Tax Exemptions
Vote on a conference report to pass a bill that exempts broadband equipment and other forms of property from personal property taxation.
Exempts the following from tax collection beginning December 31, 2020, including (Sec. 9p):
Eligible broadband equipment that resolves lack of broadband services provided by a qualified business that has been selected to receive funding to support broadband expansion networks from the FCC; and
Eligible broadband equipment that resolves lack of broadband service by delivering high-speed internet access at speeds of at least 100 megabits per second downstream and 10 megabits per second upstream.
Specifies that in order to receive the aforementioned exemption a qualified business must file a statement with the department of treasury specifically describing the equipment needing exemption (Sec. 9p).
Defines “eligible broadband equipment” as any personal property acquired by a qualified business, such as, but not limited to (Sec. 9p):
Fiber optic and coaxial cable;
Conduit;
Pole attachment;
Hardware;
Cabinets;
Pedestals;
Amplifiers;
Routers;
Servers;
Multiplexers;
Antennas; and
Related equipment.
Establishes that this act shall take effect 90 days after being signed into law (Sec. 9p).
NOTE: A TWO-THIRDS MAJORITY OF MEMBERS ELECTED IS REQUIRED TO OVERRIDE A GOVERNOR'S VETO.
Title: Establishes Multiple Property Tax Exemptions
Title: Establishes Multiple Property Tax Exemptions
Vote on a conference report to pass a bill that exempts broadband equipment and other forms of property from personal property taxation.
Exempts the following from tax collection beginning December 31, 2020, including (Sec. 9p):
Eligible broadband equipment that resolves lack of broadband services provided by a qualified business that has been selected to receive funding to support broadband expansion networks from the FCC; and
Eligible broadband equipment that resolves lack of broadband service by delivering high-speed internet access at speeds of at least 100 megabits per second downstream and 10 megabits per second upstream.
Specifies that in order to receive the aforementioned exemption a qualified business must file a statement with the department of treasury specifically describing the equipment needing exemption (Sec. 9p).
Defines “eligible broadband equipment” as any personal property acquired by a qualified business, such as, but not limited to (Sec. 9p):
Fiber optic and coaxial cable;
Conduit;
Pole attachment;
Hardware;
Cabinets;
Pedestals;
Amplifiers;
Routers;
Servers;
Multiplexers;
Antennas; and
Related equipment.
Establishes that this act shall take effect 90 days after being signed into law (Sec. 9p).
Title: Establishes Multiple Property Tax Exemptions
Title: Establishes Multiple Property Tax Exemptions
Title: Establishes Multiple Property Tax Exemptions
Title: Establishes Multiple Property Tax Exemptions