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Ways & Means hears $500,000 request to fund statewide valuation of telecommunications property
Summary
The Department of Taxes asked the Ways & Means committee for a $500,000 appropriation to contract a vendor to inventory and value telecommunications property statewide, citing a 2024 law that redefined communication property and pushed implementation to July 2026.
The Ways & Means committee heard from the Department of Taxes on a request for $500,000 to fund a vendor-built valuation model that would inventory and assign values to telecommunications property across the state. Andrew Stein, chief operating officer at the Department of Taxes, said the work began with a $150,000 pilot payment and the department structured the contract so that "the 150 k is all we need this year to make the first payment to the vendor."
Maria Royal of the Legislative Council summarized the legal background, saying the legislature enacted Act 145 in 2024, which modernized communications…
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