2002 Senate Bill 1203 / Public Act 744

Introduced in the Senate

March 13, 2002

Introduced by Sen. Willis Bullard (R-15)

To require property tax assessors to revise the formula used to determine the assessed value of property owned by rural electric co-ops based on the number of kilowatt hours sold per mile of line.

Referred to the Committee on Finance

Dec. 4, 2002

Substitute offered

To replace the previous version of the bill with one containing technical changes that do not affect its substance as previously described.

The substitute passed by voice vote

Passed in the Senate 34 to 0 (details)

Received in the House

Dec. 4, 2002

Referred to the Committee on Tax Policy

Dec. 12, 2002

Passed in the House 102 to 0 (details)

To require property tax assessors to revise the formula used to determine the assessed value of property owned by rural electric co-ops based on the number of kilowatt hours sold per mile of line.

Signed by Gov. John Engler

Dec. 30, 2002