SB17-302

SB17-302 - Clarify Property Tax Exemption Silvicultural Equipment

Passed/Signed into Law
Concerning a clarification of the exemption from property tax of silvicultural equipment.

Current law exempts 'agricultural and livestock products' from the levy and collection of property tax and defines 'agriculture', for purposes of applying the exemption, to include silviculture. Current law also exempts 'agricultural equipment which is used on the farm or ranch in the production of agricultural products' from the levy and collection of property tax.

The bill repeals the current exemption and instead clarifies that agricultural equipment includes silviculture personal property that is designed, adapted, and used for the planting, growing, maintenance, or harvesting of trees in a raw or unprocessed state.

(Note: This summary applies to the reengrossed version of this bill as introduced in the second house.)

 

House Committees

Senate Committees

Latest update: June 2, 2017
06/02/2017 - Governor Signed
05/18/2017 - Sent to the Governor
05/18/2017 - Signed by the Speaker of the House
05/18/2017 - Signed by the President of the Senate
05/09/2017 - House Third Reading Passed - No Amendments
05/08/2017 - House Second Reading Special Order - Passed - No Amendments
05/08/2017 - House Committee on Finance Refer Unamended to House Committee of the Whole
05/05/2017 - Introduced In House - Assigned to Finance
05/05/2017 - Senate Third Reading Passed - No Amendments
05/04/2017 - Senate Second Reading Passed - No Amendments
05/02/2017 - Senate Committee on Finance Refer Unamended - Consent Calendar to Senate Committee of the Whole
04/26/2017 - Introduced In Senate - Assigned to Finance