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.