| | | B. One representative from the State's 5 largest | | industrial corporations; and |
|
| | | 3. The State Tax Assessor or the assessor's designee, who | | serves as chair of the group; and be it further |
|
| | | Sec. 3. Appointments; convening of group. Resolved: That all appointments | | must be made no later than 30 days following the effective | | date of this resolve. Within 15 days after appointment of all | | members, the State Tax Assessor or the assessor's designee | | shall call and convene the first meeting of the group; and be | | it further |
|
| | | Sec. 4. Duties. Resolved: That the group shall: |
|
| | | 1. Focus on the standards and methods that are used in the | | assessment of industrial properties held in unified ownership | | and assessed at $10,000,000 or more; |
|
| | | 2. Develop a system of categorizing those industrial | | properties according to the various elements of those | | properties that would reasonably be assessed according to | | common established assessing methods, including, but not | | limited to, real property, personal property, personal | | properties that depreciate in value at common rates and | | personal property with so-called "book values" codified in | | standard assessing texts or indexes; and |
|
| | | 3. Develop a set of recommended assessing standards and | | methods to be applied in the process of assessing these | | industrial properties or their various categorical elements; | | and be it further |
|
| | | Sec. 5. Staff assistance. Resolved: That the State Tax Assessor's | | office shall provide necessary staffing services to the group; | | and be it further |
|
| | | Sec. 6. Report. Resolved: That, no later than January 15, 2004, | | the group shall submit a report that includes its findings and | | recommendations, including suggested legislation, for | | presentation to the Joint Standing Committee on Taxation and | | the Legislative Council. The group is authorized to introduce | | legislation. Following receipt and review of the report, the | | Joint Standing Committee on Taxation may report out a bill to | | the Second Regular Session of the 121st Legislature; and be it | | further |
|
| | | Sec. 7. Extension. Resolved: That, if the group requires a limited | | extension of time to complete its study and make its report, | | it may apply to the Legislative Council, which may grant an | | extension; and be it further |
|
|
