relative to property tax abatements.

This bill changes how property taxes are calculated for telecommunications poles and conduits owned by phone utilities, VoIP providers, and commercial mobile radio service companies. It establishes a new formula that values these structures based on their replacement cost minus depreciation over 40 years, while explicitly excluding them from the annual property tax equalization ratio. As a result, these specific assets will be assessed at a fixed market value rather than being adjusted annually based on overall property market fluctuations. The changes will take effect on April 1, 2025, impacting the tax bills for the entities that own these infrastructure items.