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SB 0458 - Conservation Use Property - Limit Breach Penalties for Certain Family-Owned Farms
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Tracking Level: Oppose
Sponsor: John Wilkinson
Last Action: 5/8/2018 - Act 465
Senate Committee: Finance
House Committee: Ways and Means
Assigned To:
Larry RamseyNext Bill
Property TaxNext Bill

Staff Analysis of the Legislation

This bill provides for conditions which allow a family owned farm entity to discontinue a CUVA covenant without incurring any penalty other than having to pay the difference between the taxes owed without CUVA less the amount paid under CUVA in the year of the covenant breach. More significantly, the House added the text of HB 373 to this bill, which would make qualification for CUVA status significantly easier (thereby lowering tax digests) and would allow for attorneys' fees against boards of assessors if they lose in court on CUVA issues.

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

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