ad valorem

The budget adopted by the board also calls for doubling the MWD’s property tax assessment in its six-county area — the first such increase to its ad valorem tax rate in over 30 years.

There will also be a 1% ad valorem tax based on sales for miners that post a profit.

Otherwise, lawmakers should initiate efforts to end collection of the Confederate pension ad valorem tax.

Just as the company - which was recently purchased by Signify - had requested an ad valorem tax abatement on more than $1 million in capital investment, it also became public it was cutting hundreds of jobs.

Bobby Rolston of Occidental Petroleum Corporation cautioned that asking operators to true-up, or adjust, tax payments on a monthly basis to meet the new ad valorem payment schedule could be costly.