Bill No.: SF0011 Drafter: MQ

LSO No.: 06LSO-0169 Effective Date: 3/9/2006

Enrolled Act No.: SEA0020

Chapter No.: 30

Prime Sponsor: Joint Revenue Interim Committee

Catch Title: Property taxation-intangibles for 2006.

Subject: Provides for the taxation of intangible personal property for the tax year 2006.

Summary/Major Elements:

· Provides for the treatment of intangible personal property for property taxation purposes for the 2006 tax year.

· Requires intangible personal property to be separately identified by the taxpayer on books and records, reports filed, federal income tax returns or other documentation accepted by the department of revenue.

Comments:

· See also SF 12 and SF 31 as part of the ongoing study of the taxation of intangible personal property.