Ron Stephens
- Republican
Primary
Amends the Property Tax Code. Provides that, beginning with the 2005 assessment year, qualified timberland shall be assessed at 33 1/3% of the lesser of: (i) its value for forestry-production purposes; or (ii) $500 per acre. Defines "qualified timberland" as any parcel of unimproved real property that is timberland and that: (1) does not qualify as cropland, permanent pasture, other farmland, or wasteland; and (2) is not managed under a forestry management plan so as to be considered as "other farmland". Effective immediately.
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Session Sine Die
Added Co-Sponsor Rep. David R. Leitch
Added Co-Sponsor Rep. Mike Boland
Added Co-Sponsor Rep. David Reis
Added Co-Sponsor Rep. Harry R. Ramey, Jr.
Added Co-Sponsor Rep. Bill Mitchell
Referred to Rules Committee
First Reading
Filed with the Clerk by Rep. Ron Stephens
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