Text: SSB00228 Text: SSB00230 Text: SSB00200 - SSB00299 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
PAG LIN
1 1 Section 1. NEW SECTION. 433.16 ASSESSMENT OF LONG
1 2 DISTANCE TELEPHONE COMPANIES.
1 3 Beginning with the assessment year beginning January 1,
1 4 1995, real property of a long distance telephone company shall
1 5 not be assessed by the director of revenue and finance under
1 6 the provisions of this chapter. Beginning with the assessment
1 7 year beginning January 1, 1995, real property of a long
1 8 distance telephone company shall be assessed by the local
1 9 assessor in the same manner as all other property assessed as
1 10 commercial property.
1 11 As used in this chapter, "long distance telephone company"
1 12 means a utility, resale carrier, or other entity that provides
1 13 intrastate telecommunications services and facilities between
1 14 exchanges within this state without regard to how such traffic
1 15 is carried, but does not mean a company that provides, or is
1 16 affiliated with a company that provides, land-line local
1 17 telephone service in this state pursuant to a certificate of
1 18 public convenience and necessity issued on or after September
1 19 30, 1992, under section 476.29, subsection 12.
1 20 Sec. 2. Section 441.21, subsection 6, Code 1995, is
1 21 amended to read as follows:
1 22 6. For valuations established as of January 1, 1979,
1 23 commercial property and industrial property, excluding
1 24 properties referred to in section 427A.1, subsection 6, shall
1 25 be assessed as a percentage of the actual value of each class
1 26 of property. The percentage shall be determined for each
1 27 class of property by the director of revenue for the state in
1 28 accordance with the provisions of this section. For
1 29 valuations established as of January 1, 1979, the percentage
1 30 shall be the quotient of the dividend and divisor as defined
1 31 in this section. The dividend for each class of property
1 32 shall be the total actual valuation for each class of property
1 33 established for 1978, plus six percent of the amount so
1 34 determined. The divisor for each class of property shall be
1 35 the valuation for each class of property established for 1978,
2 1 as reported by the assessors on the abstracts of assessment
2 2 for 1978, plus the amount of value added to the total actual
2 3 value by the revaluation of existing properties in 1979 as
2 4 equalized by the director of revenue pursuant to section
2 5 441.49. For valuations established as of January 1, 1979,
2 6 property valued by the department of revenue pursuant to
2 7 chapters 428, 433, 436, 437, and 438 shall be considered as
2 8 one class of property and shall be assessed as a percentage of
2 9 its actual value. The percentage shall be determined by the
2 10 director of revenue in accordance with the provisions of this
2 11 section. For valuations established as of January 1, 1979,
2 12 the percentage shall be the quotient of the dividend and
2 13 divisor as defined in this section. The dividend shall be the
2 14 total actual valuation established for 1978 by the department
2 15 of revenue, plus ten percent of the amount so determined. The
2 16 divisor for property valued by the department of revenue
2 17 pursuant to chapters 428, 433, 436, 437, and 438 shall be the
2 18 valuation established for 1978, plus the amount of value added
2 19 to the total actual value by the revaluation of the property
2 20 by the department of revenue as of January 1, 1979. For
2 21 valuations established as of January 1, 1980, commercial
2 22 property and industrial property, excluding properties
2 23 referred to in section 427A.1, subsection 6, shall be assessed
2 24 at a percentage of the actual value of each class of property.
2 25 The percentage shall be determined for each class of property
2 26 by the director of revenue for the state in accordance with
2 27 the provisions of this section. For valuations established as
2 28 of January 1, 1980, the percentage shall be the quotient of
2 29 the dividend and divisor as defined in this section. The
2 30 dividend for each class of property shall be the dividend as
2 31 determined for each class of property for valuations
2 32 established as of January 1, 1979, adjusted by the product
2 33 obtained by multiplying the percentage determined for that
2 34 year by the amount of any additions or deletions to actual
2 35 value, excluding those resulting from the revaluation of
3 1 existing properties, as reported by the assessors on the
3 2 abstracts of assessment for 1979, plus four percent of the
3 3 amount so determined. The divisor for each class of property
3 4 shall be the total actual value of all such property in 1979,
3 5 as equalized by the director of revenue pursuant to section
3 6 441.49, plus the amount of value added to the total actual
3 7 value by the revaluation of existing properties in 1980. The
3 8 director shall utilize information reported on the abstracts
3 9 of assessment submitted pursuant to section 441.45 in
3 10 determining such percentage. For valuations established as of
3 11 January 1, 1980, property valued by the department of revenue
3 12 pursuant to chapters 428, 433, 436, 437, and 438 shall be
3 13 assessed at a percentage of its actual value. The percentage
3 14 shall be determined by the director of revenue in accordance
3 15 with the provisions of this section. For valuations
3 16 established as of January 1, 1980, the percentage shall be the
3 17 quotient of the dividend and divisor as defined in this
3 18 section. The dividend shall be the total actual valuation
3 19 established for 1979 by the department of revenue, plus eight
3 20 percent of the amount so determined. The divisor for property
3 21 valued by the department of revenue pursuant to chapters 428,
3 22 433, 436, 437, and 438 shall be the valuation established for
3 23 1979, plus the amount of value added to the total actual value
3 24 by the revaluation of the property by the department of
3 25 revenue as of January 1, 1980. For valuations established as
3 26 of January 1, 1981, and each year thereafter, the percentage
3 27 of actual value as equalized by the director of revenue and
3 28 finance as provided in section 441.49 at which commercial
3 29 property and industrial property, excluding properties
3 30 referred to in section 427A.1, subsection 6, shall be assessed
3 31 shall be calculated in accordance with the methods provided
3 32 herein, except that any references to six percent in this
3 33 subsection shall be four percent. For valuations established
3 34 as of January 1, 1981, and each year thereafter, the
3 35 percentage of actual value at which property valued by the
4 1 department of revenue and finance pursuant to chapters 428,
4 2 433, 436, 437, and 438 shall be assessed shall be calculated
4 3 in accordance with the methods provided herein, except that
4 4 any references to ten percent in this subsection shall be
4 5 eight percent. Beginning with valuations established as of
4 6 January 1, 1979, and each year thereafter, property valued by
4 7 the department of revenue and finance pursuant to chapter 434
4 8 shall also be assessed at a percentage of its actual value
4 9 which percentage shall be equal to the percentage determined
4 10 by the director of revenue and finance for commercial
4 11 property, industrial property, or property valued by the
4 12 department of revenue and finance pursuant to chapters 428,
4 13 433, 436, 437, and 438, whichever is lowest. However,
4 14 property described in section 433.16, and assessed on or after
4 15 January 1, 1995, shall be assessed by the local assessor as
4 16 all other commercial property in the county.
4 17 EXPLANATION
4 18 This bill provides that, beginning January 1, 1995, real
4 19 property of a long distance telephone company shall not be
4 20 assessed by the director of revenue and finance but shall be
4 21 assessed by the local assessor as other commercial property in
4 22 the county. The bill defines "long distance telephone
4 23 company".
4 24 LSB 1639SC 76
4 25 sc/jw/5
Text: SSB00228 Text: SSB00230 Text: SSB00200 - SSB00299 Text: SSB Index Bills and Amendments: General Index Bill History: General Index
Iowa General Assembly
Search: Senate Bills and Amendments (76th General Assembly)
© 1996 Cornell College and League of Women Voters of Iowa
Comments? webmaster@legis.iowa.gov.
Last update: Thu Feb 8 16:38:58 CST 1996
URL: /DOCS/GA/76GA/Legislation/SSB/00200/SSB00229/950302.html
jhf