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ID H0594
Bill
Status
3/27/2018
Primary Sponsor
Revenue and Taxation Committee
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AI Summary
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Exempts class 2 agricultural machinery and equipment from taxation if exclusively used in agriculture during the immediately preceding tax year.
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Defines "agricultural machinery and equipment" to include equipment used in production of field crops (grains, feed crops, fruits, vegetables, nursery stock), hop crops (picking machines, drying kilns, conveyors, baling equipment), and grazing/raising of livestock, fur-bearing animals, fish, fowl, and bees for profit-making agricultural enterprises or dairies.
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Excludes buildings from the definition of agricultural machinery and equipment.
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Section 1 becomes effective retroactively to January 1, 2018 upon passage and approval with emergency declaration.
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Sections 2 and 3 (repealing and re-enacting the provision) become effective January 1, 2020.
Legislative Description
Amends existing law to revise the definition of “agricultural equipment and machinery” for property tax-exemption purposes.
PROPERTY TAX EXEMPTION
Last Action
Reported Signed by Governor on March 27, 2018 Session Law Chapter 297 Effective: Retroactive to 01/01/2018 SECTION 1; 01/01/2020 SECTION 2 & 3
3/27/2018