Bill Summary

by Albritton, Raburn Co Sponsors: Beshears, Boyd, Bracy, Coley, Combee, Fresen, Hood, Hudson, La Rosa, Mayfield, Perry, Pigman, Pilon, Porter, Raschein, Raulerson, Van Zant CS Sponsors: Agriculture & Natural Resources Subcommittee

Agriculture: Authorizes property appraiser to grant agricultural classification for land under certain circumstances; provides that participation in certain dispersed water storage programs does not change land's agricultural classification for assessment purposes unless land is diverted to nonagricultural use; revises definition of term "agricultural production to include storage of raw products on farm; expands sales & use tax exemption for certain farm equipment; exempts sale of certain trailers from sales & use tax; exempts stakes used to support plants during agricultural production from sales & use tax; authorizes private landowners who have entered into agreement with DACS to implement specified best management practices to establish baseline condition of wetlands & other surface waters before making improvements. Effective Date: July 1, 2014

   H Agriculture & Natural Resources Subcommittee
» H Finance & Tax Subcommittee
   H State Affairs Committee