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AR HR1032

Resolution

Status

Prefiled

N/A

Primary Sponsor

Eddie Cheatham

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Origin

House of Representatives

88th General Assembly (2011 Regular)

AI Summary

  • Encourages landowners, conservation organizations, and the State of Arkansas to utilize federally-approved and state-approved policies to sustain Arkansas's agricultural and rural legacy.

  • Promotes participation in the Enhanced Easement Incentive program, which raises conservation easement tax deductions from 30% to 50% of adjusted gross income, and allows qualifying farmers and ranchers to deduct up to 100% of their income.

  • Extends the carry-forward period for taking tax deductions on voluntary conservation agreements from 5 years to 15 years in addition to the year of donation.

  • Defines qualifying farmers and ranchers as those receiving more than 50% of income from farming activities, including crop cultivation, animal husbandry, commodity handling, and tree planting and harvesting.

  • Directs transmission of the resolution to each member of the Arkansas Congressional Delegation upon adoption.

Legislative Description

Encouraging The Use Of Existing Governmental Policies To Sustain The Strength Of Arkansas's Agricultural And Rural Legacy.

Last Action

House Resolution received unanimous support.

3/21/2011

Committee Referrals

Agriculture, Forestry and Economic Development3/7/2011

Full Bill Text

No bill text available