SB 116: Reduce tangible personal property tax for pipe-line companies
Topics
✗ Budget & TaxesOpposes Budget & TaxesSB 116 reduces the tangible personal property tax rate for pipeline companies, directly lowering state tax revenue and impacting the overall budget.
✓ EnergySupports EnergyThe bill reduces property taxes for pipeline companies, thereby financially supporting the operation and maintenance of energy infrastructure.
✗ EnvironmentOpposes EnvironmentReduces taxes for pipeline companies, potentially incentivizing fossil fuel infrastructure development and operation, which can have negative environmental impacts.
✓ TransportationSupports TransportationThe bill reduces taxes for pipeline companies, which operate transportation infrastructure. This could strengthen their financial ability to maintain or expand these systems.