2018 Senate Bill 1031

Exempt new utility tools and equipment from property tax

Introduced in the Senate

May 29, 2018

Introduced by Sen. John Proos (R-21)

To exempt new tools and equipment acquired by a utility company after 2017 from property tax. A fiscal agency analysis indicates this would allow the state's utilities to not pay $652 million in tax they would otherwise owe.

Referred to the Committee on Finance

June 6, 2018

Reported without amendment

With the recommendation that the bill pass.