Thursday, May 16, 2024
Thursday, May 16, 2024

Special Aircraft Property Valuation Act Completes Legislation

The House passed 16 bills which all completed legislative action and were sent to the Governor for his signature. House Bill 265 would provide a way for assessing the value of all aircraft owned or leased by commercial airlines, charter or private carriers and private companies or firms for property tax purposes effective July 1, 2009. The bill would require that the value of the special aircraft property would be its salvage value. Senate Bill 653 would permit internet sales of life, accident and sickness insurance.

The House also received 10 messages from the Senate and concurred in amendment with the nine Senate bills that had amendments. The House passed nine bills with amendments and communicated them to the Senate. Among these are, House Bill 4078 and House Bill 4386.

The House will reconvene at 11:00 a.m. tomorrow.

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