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Bill to keep small broadband and telecom providers on lower property‑tax class advances to protect rural investment
Summary
Sen. Dave Fern’s SB550 would allow small multi‑county broadband providers to remain taxed under lower classified property rates when operating in three or fewer counties; proponents said the change encourages rural investment and competition while DOR staff explained fiscal and classification mechanics.
Sen. Dave Fern introduced Senate Bill 550 to adjust centrally assessed property classification so small broadband and telecommunications providers operating in a few counties would remain eligible for the lower class 5 tax rate (3 percent) rather than being moved to central assessment and taxed at higher class 13 rates (6 percent).
Proponents — including…
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