Relating to a tax credit for pollution-control and recycling property connected to property used for the care and feeding of livestock, and including effective date and applicability provisions

Where it is now

1. ✓
   Done: IntroducedJanuary 31, 2019
2. ✕
   Stopped: SubcommitteeDied when the General Assembly ended
3. Next: House committee
4. Next: Passes the House
5. Next: Senate committee
6. Next: Passes the Senate
7. Next: To the Governor
8. Next: Signed into law

Died when the session ended The 2020 session adjourned on June 14, 2020, the General Assembly’s last regular session. Bills that didn’t pass both chambers died. What’s a funnel?

What’s in it

This bill amends Code section 427.1, which provides a number of exemptions from property taxation. The Code section includes an exemption for certain types of pollution-control and recycling property as certified by the department of natural resources. The bill limits this tax exemption for such property that is related to the care and feeding of livestock by requiring that the property used for the care and feeding of livestock must be eligible for a family farm tax credit under Code chapter 425A. The bill also provides that the tax credit still available is limited to the first $100,000 of the property’s assessed value. The bill takes effect January 1, 2020, and is applicable for tax years beginning on and after that date.

Full bill text¹