SB 1020

This bill does all of the following, as suggested by the Department of Revenue:

Obsolete statutory references

The bill repeals obsolete statutory references relating to tax incremental

financing districts and obsolete references relating to a capital improvement fund for

schools.

Electronic assessment rolls

Under current law, when a board of review changes an assessor's valuation of

property, the clerk is required to revise the assessment roll by using red ink to cross

out the assessor's valuation and enter the board's valuation. The bill modifies the

requirement to reflect the use of electronic assessment rolls. Under the bill, the clerk

is required to enter the board's valuation and a note about the change to the

assessor's valuation into the assessment roll, but there is no requirement to use red

ink or to cross out the assessor's valuation.

Internet equipment in the broadband market

The bill eliminates obsolete tax deductions, credits, and exemptions for certain

Internet equipment used in the broadband market and purchased before July 1,

2009.

Objecting to property tax assessments

Under current law, when the local board of review conducts a hearing to

consider an objection to a person's property tax assessment, the board must, at the

request of the assessor or the person making an objection, compel the attendance of

witnesses. The bill eliminates the option for the person making the objection to

request the attendance of witnesses.

Sales tax exemption certificates

Under current law, drugs prescribed for the treatment of a human being by a

person authorized to prescribe the drugs, and dispensed on prescription filled by a

pharmacist, are exempt from the sales tax. Generally, a person does not need to

present to the seller a sales tax exemption certificate issued by DOR to claim the

exemption.

Under current law, insulin furnished by a pharmacist to a person for treatment

of diabetes as directed by a physician is considered to be dispensed on prescription

and, therefore, exempt from the sales tax. However, a person must present a tax

exemption certificate to claim the exemption. The bill modifies the exemption for

insulin so that insulin furnished by a pharmacist to a person for treatment of

diabetes of a human being is exempt from the sales tax and the purchaser is not

required to present an exemption certificate.

Current law also provides sales tax exemptions for patient health care records

that are sold to the patient and for farm-raised fish sold to a fish farm. In order to

claim either exemption, the purchaser must present to the seller an exemption

certificate issued by DOR. The bill eliminates the requirement that a purchaser