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HB 0290 -	Ad Valorem Tax - Exemption for Lease-Purchase Farm Equipment
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Tracking Level:

Neutral

Sponsor:

Sam Watson (R)

Last Action:

7/1/2017 - Effective Date

House Committee:

Ways & Means

Senate Committee:

Finance

Assigned To:

Larry Ramsey	Next Bill
Property Tax	Next Bill

Staff Analysis of the Legislation
This bill clarifies the existing ad valorem tax exemptions for agricultural equipment that is included in a lease-purchase agreement and used in farm production by a family owned qualified farm products producer.

Bill Summary from the State Site - Click for the State Summary Page / Click for Current Full Text