Introduced
by
To authorize an income tax or Single Business Tax (SBT) credit based on the property tax rates for the owner of agricultural land who enters a 20-year contract with the state in which he or she agrees to keep the land in agriculture, and not to divide or develop it. The program would only be available if the local government adopts it and also has a "comprehensive land use plan." A landowner could withdraw from the program after 10 or 15 years upon payment of a fee which approximates the tax savings.
Referred to the Committee on Natural Resources, Great Lakes, Land Use, and Environment
Reported without amendment
With the recommendation that the substitute (H-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Amendment offered
by
To require that at least 40 percent of the land the state allows to be entered into the program be from farms less than 500 acres in size.
The amendment failed 51 to 55 (details)
Amendment offered
by
To move back the start and the subsequent gradual addition of more land to the program by one year.
The amendment passed by voice vote
Amendment offered
by
To revise the formula for determining the fee for withdrawing land from the program after 10 or 15 years. The amendment would potentially make it more expensive by adding an accumulated interest payment to one of the alternative fees calculations specified in the bill. The actual fee is whichever of these calculations is greater.
The amendment passed by voice vote
Passed in the House 89 to 14 (details)
To authorize an income tax or Single Business Tax (SBT) credit based on the property tax rates for the owner of agricultural land who enters a 20-year contract with the state in which he or she agrees to keep the land in agriculture, and not to divide or develop it. The program would only be available if the local government adopts it and also has a "comprehensive land use plan." A landowner could withdraw from the program after 10 or 15 years upon payment of a fee which approximates the tax savings, plus interest.
Referred to the Committee on Agriculture, Forestry, and Tourism
Reported without amendment
With the recommendation that the substitute (S-1) be adopted and that the bill then pass.
Substitute offered
To replace the previous version of the bill with one that revises details but does not change the substance of the bill as previously described.
The substitute passed by voice vote
Passed in the Senate 25 to 12 (details)
To authorize an income tax or Single Business Tax (SBT) credit based on the property tax rates for the owner of agricultural land who enters a 20-year contract with the state in which he or she agrees to keep the land in agriculture, and not to divide or develop it. The program would only be available if the local government adopts it and also has a "comprehensive land use plan." A landowner could withdraw from the program after 10 or 15 years upon payment of a fee which approximates the tax savings, plus interest.
Passed in the House 95 to 11 (details)
To concur with the Senate-passed version of the bill.
