This bill increases the property tax exemption for agricultural buildings from $10,000 to $100,000 in value, meaning farmers can shield a larger portion of their farm structures from property taxes. The exemption still requires that the farm has a dwelling occupied by the owner, a relative, or trust beneficiary for at least six months per year, and each farm can only claim one exemption.
Taxation Tabled Passed, YEAS 12, NAYS 0.
Taxation Motion to amend
Taxation Scheduled for hearing
First read in House and referred to House Taxation H.J. 140
Kirk Chaffee
Prime sponsor · Rep.
R
Mary Duvall
Prime sponsor · Sen.
R
Taxation — Tabled