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SCS/SB 364 - This act prohibits the State Tax Commission from promulgating a rule that increases agricultural land productive values more than two percent over the current values in effect prior to the rule promulgation or eight percent above the lowest value in effect in any of the ten years prior to the rule promulgation. The Commission is also prohibited from increasing the values for land in any county that has been declared by the United States Department of Agriculture to be affected by a natural disaster in the preceding two years. This act is substantially similar to HCS/HB 1036 (2017), SS/SB 543 (2014) and HB 2178 (2014), and to a provision contained in HCS/HB 1640 (2014). JOSHUA NORBERG
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