Senate Sponsors: PETERSON. Short description: PROP TX-CELL TOWERS ASSESSMENT Synopsis of Bill as introduced: Amends the Property Tax Code. Provides that the property on which a cellular tower is located and the improvements on that property must be assessed at 33 and one-third percent of income producing value instead of fair cash value. Provides that the Department must define by rule "income producing value". Amends the State Mandates Act to require implementation without reimbursement. Effective immediately. Last action on Bill: SESSION SINE DIE Last action date: 01-01-09 Location: Senate Amendments to Bill: AMENDMENTS ADOPTED: HOUSE - 0 SENATE - 0 END OF INQUIRY Full Text Bill Status