2009 Senate Bill 550

Revise agricultural land deferred taxes detail

Introduced in the Senate

May 7, 2009

Introduced by Sen. Cameron Brown (R-16)

To revise a provision that allows property taxes to be deferred for the owner of agricultural property whose gross receipts from farming operations are less than his or her household income in the previous year. The bill would extend this to partnerships where the gross receipts were lower than the partnerships earnings.

Referred to the Committee on Finance