MINUTES OF THE
	SENATE COMMITTEE ON TAXATION

	Sixty-eighth Session
	July 2, 1995

The Senate Committee on Taxation was called to order by Chairman Sue Lowden, 
at 4:30 p.m., on Sunday, July 2, 1995, on the Senate floor of the Legislative 
Building, Carson City, Nevada.   There was no Agenda.  There was no Attendance 
Roster.

COMMITTEE MEMBERS PRESENT:

Senator Sue Lowden, Chairman
Senator Kathy M. Augustine, Vice Chairman
Senator Ann O'Connell
Senator Dean A. Rhoads
Senator Randolph J. Townsend
Senator John B. (Jack) Regan
Senator Ernest E. Adler

STAFF MEMBERS PRESENT:

Kevin Welsh, Deputy Fiscal Analyst, Fiscal Analysis Division
Kathy Cole, Committee Secretary

OTHERS PRESENT:
 
Michael A. Pitlock, Executive Director, Department of Taxation

Chairman Lowden opened the hearing on Assembly Bill (A.B.) 671.

ASSEMBLY BILL 671:	Provides exemption from property tax for certain tangible 
				personal property used in business.  (BDR 32-2055)

Michael A. Pitlock, Executive Director, Department of Taxation referred to this bill 
as a means of deleting the confusion and enabling the compliance of the law.  He 
said, "The provisions cost more than the actual collections... The local assessors 
are in favor of this bill."  Further, there would be "$1.8 million statewide for local 
governments" if this measure became law; and finally, Mr. Pitlock recommended 
the effective date to be "July 1, 1996."

SENATOR AUGUSTINE MOVED TO DO PASS A.B. 671.

SENATOR ADLER SECONDED THE MOTION.

THE MOTION CARRIED UNANIMOUSLY.

	*****

Chairman Lowden adjourned the hearing at 4:32 p.m.

RESPECTFULLY SUBMITTED:


Kathy Cole,
Committee Secretary

APPROVED BY:


Senator Sue Lowden, Chairman

DATE: 				

Senate Committee on Taxation
July 2, 1995
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