SF0049HS001

This amendment clarifies the treatment of tangible personal property depreciation by specifying that once property reaches the depreciation floor, the trending factor remains constant in subsequent years until the property is removed from service.

• After 'department' on page 2, line 6, adds language specifying that once tangible personal property reaches the depreciation floor, the trending factor shall remain constant for subsequent years until the property is removed from service. (Page 2, line 6)
• Deletes the provisions on page 2, lines 7 and 8 that contained language about valuation indexes and depreciation schedules not increasing fair market value above the depreciation floor. (Page 2, lines 7-8)
• Deletes the definition of 'depreciation floor' and related text on page 2, line 9. (Page 2, line 9)

AI-generated summary · Verify against the amendment text (PDF) · Notice a problem? Let us know