Bills › 89th General Assembly
Relating to the beginning farmer tax credit program, by modifying participation and lease agreement requirements and tax credit amounts, and including effective date provisions
Where it is now
- Done: IntroducedFebruary 11, 2021
- Done: SubcommitteeFebruary 11, 2021
- Done: House committeeFebruary 23, 2021
- Done: Passes the HouseMarch 24, 202194–1
- Next: Senate committee
- Next: Passes the Senate
- Next: To the Governor
- Next: Signed into law
Became HF 694 → Its progress continues under the new number. Go to HF 694 What’s a funnel?
House subcommittee
Named February 11, 2021. On February 17, 2021 it recommended passage. Vote Total: 3-0.
Three legislators hear a bill first and recommend what the committee should do; it’s the best time to weigh in. How to take part
Fiscal note
Less revenue: up to $1.8M Compare with other bills
Expanding the Beginning Farmer Tax Credit program is projected to reduce General Fund revenue by the following amounts: • FY 2023 = $0.7 million • FY 2024 = $1.1 million • FY 2025 = $1.3 million • FY 2026 = $1.4 million • FY 2027 = $1.6 million • FY 2028 and after = $1.8 millionAward Award Award Award Year Amount Year Amount CY 2007 1.3$ CY 2014 6.5$ CY 2008 2.0 CY 2015 7.0 CY 2009 2.7 CY 2016 8.6 CY 2010 3.6 CY 2017 9.6 CY 2011 5.2 CY 2018 6.0 CY 2012 5.8 CY 2019 6.4 CY 2013 6.0 CY 2020 6.5 In Millions Beginning Farmer Tax Credit Program Awards 3
- Beginning Farmer Tax Credit · March 1, 2021
- Beginning Farmer Tax Credit · February 17, 2021
- Beginning Farmer Tax Credit · February 15, 2021
Nonpartisan cost estimates from the Legislative Services Agency’s Fiscal Services Division. The newest is first. Reading a fiscal note
Family tree
Where this legislation came from and where it went: earlier tries, the versions it moved through this Assembly, and later bills built on it.
Earlier and later bills are matched by wording or an identical title; check the text to be sure it’s the same idea.