Rick Niemeyer
- Republican
- Senator
- District 6
Author
Makes new farm equipment and new agricultural improvements eligible for local tax abatement using the same procedures for tax abatement under current law for new manufacturing equipment, new research and development equipment, new logistical distribution equipment, and new information technology equipment, or redevelopment and rehabilitation in the case of new agricultural improvements. Limits an abatement schedule for new farm equipment and new agricultural improvements to not more than five years. Specifies how agricultural improvements shall be assessed for tax purposes.
First reading: referred to Committee on Ways and Means
Referred to the House
Senator Randolph added as coauthor
Third reading: passed; Roll Call 148: yeas 49, nays 0
House sponsor: Representative Slager
Cosponsor: Representative Aylesworth
Second reading: ordered engrossed
Committee report: amend do pass, adopted
Senator Charbonneau added as second author
First reading: referred to Committee on Tax and Fiscal Policy
Authored by Senator Niemeyer
| Bill Text Versions | Format |
|---|---|
| Introduced Senate Bill (S) | |
| Senate Bill (S) |
| Document | Format |
|---|---|
| Fiscal Note: SB0072.02.COMS.FN001 | |
| Fiscal Note: SB0072.02.COMS.FN002 | |
| Fiscal Note: SB0072.02.COMS.FN003 |
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