Missoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for hearing Tuesday morning in the Senate Taxation Committee. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes, and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Missoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for a second reading on the Senate floor this afternoon. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Missoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for a second reading on the Senate floor this afternoon. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Missoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for hearing in the House Taxation Committee tomorrow morning. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Missoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for second reading on the House floor this afternoon. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Missoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for second reading on the House floor this afternoon. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Senator O’Brien,
ReplyDeleteMissoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for hearing Tuesday morning in the Senate Taxation Committee. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes, and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Please oppose SB 51.
Senators,
ReplyDeleteMissoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for a second reading on the Senate floor this afternoon. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Please oppose SB 51.
Senators,
ReplyDeleteMissoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for a second reading on the Senate floor this afternoon. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Please oppose SB 51.
Representatives Marler and Thane,
ReplyDeleteMissoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for hearing in the House Taxation Committee tomorrow morning. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Please oppose SB 51.
Representatives,
ReplyDeleteMissoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for second reading on the House floor this afternoon. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Please oppose SB 51.
Representatives,
ReplyDeleteMissoula County opposes SB 51: Exempting certain fiber optic, coaxial cable from property taxation, up for second reading on the House floor this afternoon. In this bill, there is no indication that the new fiber optic or coaxial cable will be installed in the least populated portions of the state that need it the most. Also, this bill will further continue the shift of the property tax burden to the residential homeowner and away from the centrally assessed corporations. The dollar value for tax exemption for fiber or coaxial cable must be used to install additional cable of the same dollar value as the exemption within a two year period. The tax burden doesn’t disappear but has simply been shifted to the Class 4 residential homeowners who are now funding the installation of new cable through their increased property tax bills. The taxable value of the cable is at its highest level in year one and loses taxable value each year thereafter due to the corporations’ ability to depreciate their assets. When they pay 100% of their tax bill in year 10, the taxable value will be a fraction of what it was in year one. Homeowners cannot depreciate their homes and their taxable value and tax bill grows every year. SB 51 continues the shift of the property tax burden to residential homeowners and further adversely impacts efforts to improve access to affordable housing.
Please oppose SB 51.