SB 641 - Schatz, Dave
Creates an income tax deduction for payments received as part of a program that compensates agricultural producers for losses from disaster or emergency
Bill Details
Sponsor
LR Number
4738S.01T
Title
SB 641
House Handler
Journal Page
Effective Date
August 28, 2016
Committee
Current Status
Legislature voted to override Governor's veto
Quick Links
Amendments
No amendments available
CURRENT BILL SUMMARY
SB 641 - This act creates an income tax deduction for payments received as part of a program that compensates agricultural producers who have suffered a loss due to disaster or emergency. The deduction will be available for all tax years beginning on or after January 1, 2014.
This act is similar to HB 2169 (2016), HB 771 (2015), and provisions in HCS/SCS/SB 703 (2016), HCS/SCS/SB 131 (2015) and HCS/SB 500 (2015). This act is identical to SCS/SB 374 (2015).
DOMENIC SITA