Allowing a credit against the State income tax for the diminution in value of specified agricultural land resulting from enactment of the Sustainable Growth and Agricultural Preservation Act of 2012 and adoption of specified regulations related to nutrient management; providing for the determination of the amount of the credit; requiring an owner of agricultural land to provide specified information with the owner's tax return in order to claim the credit; and applying the Act to taxable years beginning after December 31, 2013.
Bill File Type: Regular
Effective Date(s): July 1, 2014
|Date Posted||Document Name|
|1/15/2014||Text - First - Income Tax Credit - Agricultural Land - Diminution in Value of Real Property|
|2/24/2014||Vote - Senate - Committee - Budget and Taxation|
( 10-736 )
Last Updated: 2/3/2020 2:29 PM