Relating to state government finance

ARTICLE 1 - OIL AND HAZARDOUS MATERIALS TRANSPORTATION SAFETY

Removing the railroad and pipeline company assessment expiration date; appropriating money to the commissioner of transportation (DOT) for highway rail at-grade crossing safety improvement projects related to oil and other hazardous materials transported by rail

ARTICLE 2 - RAILROAD RECODIFICATION

Recodifying certain statutes relating to railroad taxation; making technical changes; clarifying definitions; defining terms; modifying property determination; providing a deduction for nonoperating and exempt railroad property; modifying annual railroad company reporting requirements; modifying annual operating property valuation, apportionment and equalization of valuation, county assessor certification, personal property exceptions, and levy amounts and apportionment; appropriating money; revisor instruction; repealing railroad company property taxation and assessment for nontaxable property, failure to file report, and state agency rules
(rt)