SB 682 – Modifies provisions relating to an income tax deduction for certain farmers

• Sponsor: Hudson
• LR Number: 2762S.01I
• Committee: Agriculture, Food Production and Outdoor Resources
• Last Action: 3/24/2025 - Second Read and Referred S Agriculture, Food Production and Outdoor Resources Committee
• Journal Page: S652
• Effective Date: August 28, 2025

Current Bill Summary

SB 682 - Current law authorizes an income tax deduction for certain income received for the sale or lease of farmland to beginning farmers. This act adds a definition of "taxpayer" to such deduction.

This provision is identical to HB 1042 (2025) and to a provision in HCS/SS/SB 67 (2025), HCS/HB 828 (2025), and HCS/SS/SCS/SB 466 (2025).

JOSH NORBERG

Amendments

No Amendments Found.