SF0049SS001

Failed

Amendment to SF0049 — Tangible personal property-index and depreciation.

Sponsor:

Chamber: Senate

Stage: Standing Committee

What does this amendment do?

This amendment changes the depreciation floor for tangible personal property from twenty percent of acquisition value to zero percent of purchase value, and excludes certain property types from this valuation method.

Removes the twenty percent depreciation floor and replaces it with zero percent, and changes 'acquisition value' to 'purchase value' in the definition of depreciation floor. (Page 2, lines 10-11)
Adds an exclusion to the valuation method for tangible personal property that is valued under W.S. 39-13-102(m) and for mobile homes required to be titled under W.S. 31-2-501 through 31-2-508. (Page 2, lines 11-9)

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Roll Call Votes (0)

Standing committee amendments are adopted as part of the committee's overall recommendation vote on the bill, not as a separate roll call. No matching committee vote was found. See all votes on the bill detail page.