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Tax commissioner seeks one-year delay for telephone property/gross-receipts transition; department reports multiple reversions
Summary
Craig Bolio, Tax Commissioner, told the Ways & Means Committee that Section 57 of the budget adjustment delays by one year the transition that would move certain communications property onto the grand list and align valuation processes.
Craig Bolio, Tax Commissioner, told the Ways & Means Committee that Section 57 of the budget adjustment delays by one year the transition that would move certain communications property (previously taxed under small telephone-specific tax types) onto the grand list as real property and align those assets with regular property tax valuation.
“Section 57 is a one-year delay in the transition for the telephone personal property tax and telephone gross receipts tax,” Bolio said. He told members the department had issued an RFP to assist towns with valuing newly…
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