Legislation

Title: Income Tax Credit - Agricultural Land - Diminution in Value of Real Property
Sponsored by: Senators Glassman, Colburn, Dyson, Edwards, Garagiola, Getty, Jacobs, Kittleman, Klausmeier, Mathias, Middleton, and Shank
Status: In the Senate - Hearing 2/20 at 1:00 p.m.
Analysis: Fiscal and Policy Note

Synopsis

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, 2012.

Committees

Original:: Budget and Taxation Click to view Recorded Media

Opposite:

Details

Cross-filed with: HB0796

Bill File Type: Regular

Effective Date(s): July 1, 2013

History

Legislation History
Chamber Senate Calendar Date 1/28/2013 Legislative Date 1/28/2013 Action First Reading Judicial Proceedings Proceedings
Chamber Senate Calendar Date 1/30/2013 Legislative Date 1/30/2013 Action Reassigned to Budget and Taxation Proceedings 15
Chamber Senate Calendar Date 2/06/2013 Legislative Date 2/06/2013 Action Hearing 2/20 at 1:00 p.m. Proceedings

Chamber	Calendar Date	Legislative Date	Action	Proceedings
Senate	1/28/2013	1/28/2013	First Reading Judicial Proceedings
Senate	1/30/2013	1/30/2013	Reassigned to Budget and Taxation	15
Senate	2/06/2013	2/06/2013	Hearing 2/20 at 1:00 p.m.

Documents

Date Posted	Document Name
1/29/2013	Text - First - Income Tax Credit - Agricultural Land - Diminution in Value of Real Property

File Code

Subjects

Statutes