Introduced
by
To revise the allocation of revenue from a “recapture tax” imposed on owners of agricultural property who accepted tax breaks in return for not converting the property to non-agricultural use, and then did so anyway. The bill would place 65 percent of the revenue in a state “agricultural preservation fund” used to buy out farmers’ development rights and other purposes. The money is currently used for similar purposes.
Referred to the Committee on Tax Policy
