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Senate approves changes to property tax assessments, telecom treatment and power-export exemption in SB20
Summary
The Utah Senate on Feb. 15 approved third-substitute Senate Bill 20, adjusting assessment timing for telecommunications companies, clarifying primary residence declaration procedures and pro-rating a 14% property tax exemption for power producers that export electricity out of state. The bill passed 25–0 and will go to the House.
Senate Bill 20, carrying technical corrections to property-tax administration and a new approach to taxing power producers that export electricity out of state, passed the Utah Senate on Feb. 15.
Senator Bramble, the sponsor, said the third substitute fixes “technical corrections dealing with new growth and the timing for the coordination on property tax assessments for telecommunications companies” and will treat all telecommunications companies as locally assessed rather than split between…
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