Amendment S-5194 to HF 2672
Relating to forest and fruit-tree reservation tax exemptions, including county participation and minimum size requirements for forest reservations
Never voted on
Filed April 18, 2024 in the Senate by
What it changes
AI summary This amendment replaces the bill with a new version that establishes an annual fee for land receiving forest and fruit-tree reservation tax exemptions. The fee is charged per acre and varies based on whether the owner lives in the same county, a neighboring county, or a different location.1
Read the amendment’s wording
- By striking page 1, line 1, through page 2, line
- Page 2, lines 21 and 22, by striking “and subject to section 427C.14,”
- By striking page 3, line 32, through page 4, line 25, and inserting: “Sec. ___. NEW SECTION . 427C.14 Program fee.
- Beginning January 1, 2025, each acre of forest and fruit-tree reservation that is exempt from tax pursuant to this chapter shall be subject to a fee to be paid no later than September 1 of each year to the county treasurer of the county where the forest or fruit-tree reservation is located to be deposited into the county general fund.
- Fee rates shall be in the following amounts: a. Subject to paragraph “c” , for forest and fruit-tree reservations located in the county where the owner of the forest or fruit-tree reservation maintains a homestead for purposes of chapter 425, two dollars per acre. b. Subject to paragraph “c” , for forest and fruit-tree reservations located in a county that is contiguous to the county where the owner of the forest or fruit-tree reservation maintains a homestead for purposes of chapter 425, three dollars per acre. c. (1) For forest and fruit-tree reservations not described by paragraph “a” or “b” , and forest and fruit-tree reservations located inside the corporate limits of a city, a rate per acre equal to the product of the average property taxes due per acre of agricultural property in the county with the most acres of land subject to an exemption under this chapter for the assessment year used to calculate the taxes due and payable in that fiscal year multiplied by the quotient of thirteen divided by the average corn suitability rating for agricultural property located in the county with the most acres of property subject to an exemption under this chapter. (2) The department of management shall make all calculations necessary to determine the fee rate in subparagraph (1) and transmit the rate to each county treasurer no later than July 1 of each year.”
- Title page, by striking lines 1 through 3 and inserting “An Act establishing forest and fruit-tree reservation program fees.”
- By renumbering as necessary.