Legislature(2001 - 2002)
05/02/2002 10:41 AM Senate RLS
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* first hearing in first committee of referral
+ teleconferenced
= bill was previously heard/scheduled
+ teleconferenced
= bill was previously heard/scheduled
CHAIRMAN PHILLIPS announced the committee would take up HB 455- MUNICIPAL TAXATION OF AGRICULTURAL LAND. MR. JOHN MANLEY, staff to Representative Harris, explained to members that HB 455 accomplishes two things. Right now, agricultural land is assessed at the full and true value for fee simple land. As land sells in the vicinity of agricultural- restricted land, values go up because it is subdivided. Agricultural restricted land cannot be used for any other use. HB 455 exempts state restricted agricultural lands from an existing requirement that the owner apply each year for an assessment and that the assessment be for the full and true value of the restricted use only. SENATOR HALFORD pointed out the bill has a zero fiscal note and does what he assumes the state would do anyway. SENATOR HALFORD moved to calendar at the Chairman's discretion HB 455 with the accompanying fiscal note. CHAIRMAN PHILLIPS noted that with no objection, the motion carried.
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