SB 548 Prohibits the State Tax Commission from raising agricultural land productive values under certain circumstances
Sponsor: Munzlinger
LR Number: 4295S.01I Fiscal Notes
Committee: Ways and Means
Last Action: 1/30/2018 - SCS Voted Do Pass S Ways and Means Committee (4295S.02C) Journal Page:
Title: Calendar Position:
Effective Date: August 28, 2018

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Current Bill Summary

SCS/SB 548 - 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.

This act is substantially similar to SB 364 (2017), and is similar to SS/SB 543 (2014) and HB 2178 (2014), and to a provision contained in HCS/HB 1640 (2014).