Senate File 2344 S-5257 Amend Senate File 2344 as follows: 1 1. Page 31, after line 18 by inserting: 2 < DIVISION ___ 3 CABLE TELEVISION COMPANY PROPERTY 4 Sec. ___. NEW SECTION . 427A.3 Cable television 5 company property. 6 1. Except as provided in subsection 2, for 7 assessment years beginning on or after January 1, 8 2013, the property of a cable television company that 9 consists of wire, cable, fiber optic cable, conduit 10 systems, poles, and other equipment and machinery 11 used by the cable television company to provide cable 12 television services and that would otherwise be taxed 13 as real property under section 427A.1, shall be exempt 14 from taxation. 15 2. a. For assessment years beginning on or after 16 January 1, 2013, such property described in subsection 17 1 shall be assessed and subject to taxation to the 18 extent specified herein: 19 (1) For the assessment year beginning January 1, 20 2013, for each cable television company, the amount 21 of actual value of such property in all assessing 22 jurisdictions that exceeds two million dollars. 23 (2) For the assessment year beginning January 1, 24 2014, for each cable television company, the amount 25 of actual value of such property in all assessing 26 jurisdictions that exceeds four million dollars. 27 (3) For the assessment year beginning January 1, 28 2015, for each cable television company, the amount 29 of actual value of such property in all assessing 30 jurisdictions that exceeds six million dollars. 31 (4) For the assessment year beginning January 1, 32 2016, for each cable television company, the amount 33 of actual value of such property in all assessing 34 jurisdictions that exceeds eight million dollars. 35 (5) For the assessment year beginning January 1, 36 2017, and each assessment year thereafter, for each 37 cable television company, the amount of actual value 38 of such property in all assessing jurisdictions that 39 exceeds ten million dollars. 40 b. The director of revenue, in consultation 41 with the applicable local assessors, shall for each 42 assessment year beginning on or after January 1, 2013, 43 collect such assessment information that is necessary 44 to determine for each cable television company the 45 amount of actual value of such property that is 46 subject to assessment and taxation in each assessing 47 jurisdiction in the state, following imposition of the 48 assessment and taxation limitation under paragraph 49 “a” . The total statewide amount of actual value for 50 -1- SF2344.6163 (3) 84 md/sc 1/ 2 #1.

each cable television company that is subject to 1 assessment and taxation following the imposition of the 2 limitation under paragraph “a” shall be apportioned 3 among the several assessing jurisdictions in the same 4 proportion that the total amount of actual value of 5 such property in each assessing jurisdiction prior 6 to the imposition of the limitation under paragraph 7 “a” bears to the total amount of actual value of such 8 property statewide prior to the imposition of the 9 limitation under paragraph “a” . The amounts calculated 10 by the director of revenue shall be certified by the 11 director of revenue on or before November 1 to the 12 several county auditors of the respective counties in 13 which such property is located. 14 3. The director of revenue shall prescribe forms, 15 instructions, and rules pursuant to chapter 17A, as 16 necessary, to carry out the purposes of this section. 17 Sec. ___. APPLICABILITY. This division of this 18 Act applies to assessment years beginning on or after 19 January 1, 2013. > 20 2. Title page, line 7, after < classification, > by 21 inserting < modifying provisions relating to assessment 22 and taxation of cable television companies, > 23 3. By renumbering as necessary. 24 ______________________________ MATT McCOY -2- SF2344.6163 (3) 84 md/sc 2/ 2 #2. #3.