2003 House Bill 5030 ↩

House Roll Call 634: Passed

To allow farmers in a county with a "comprehensive land use plan" to claim certain income tax or Single Business Tax credits based on the amount their property tax assessments on farmland devoted to agricultural use exceed $5 per acre. Participating farmers would have to enter contracts promising to keep the land in agriculture for 20 years. A farmer could terminate the contract upon payment of an early withdrawal assessment, the amount of which goes down the longer the contract has been in effect.