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IN HB1567

Bill

Official Source

Status

Introduced

1/22/2013

Primary Sponsor

Alan Morrison

Click for details

Origin

House of Representatives

2013 Regular Session

AI Summary

  • Creates a property tax deduction up to $25,000 per year in assessed value for fencing, equipment, and chemical additives used to secure fertilizers and pesticides that could be used for terrorism or illegal drug manufacturing
  • Applies only to security property installed or placed in service after March 1, 2013, including surveillance equipment, access control systems, and anti-theft chemical additives
  • Requires applicants to file a certified statement with the county auditor plus certification from the state chemist verifying the security property has been installed
  • Covers fertilizers subject to state chemist storage rules and pesticides subject to pesticide review board storage rules at agricultural, commercial, or industrial facilities
  • Takes effect upon passage and applies to assessment dates after March 1, 2013

Legislative Description

Property tax deduction for farm security items.

Last Action

First reading: referred to Committee on Ways and Means

1/22/2013

Committee Referrals

Ways and Means1/22/2013

Full Bill Text

No bill text available