Text: SF02068 Text: SF02070 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
PAG LIN 1 1 Section 1. Section 427.1, subsection 11, Code Supplement 1 2 2001, is amended to read as follows: 1 3 11. AGRICULTURAL PRODUCE. Growing agricultural and 1 4 horticultural crops except commercial orchards and vineyards 1 5 and except as otherwise provided in subsection 34. 1 6 Sec. 2. Section 427.1, Code Supplement 2001, is amended by 1 7 adding the following new subsection: 1 8 NEW SUBSECTION. 34. Fifty percent of the assessed value 1 9 of real estate and produce of commercial vineyards shall be 1 10 exempt from taxation if the parcel is classified for 1 11 assessment purposes as commercial property. 1 12 Sec. 3. RETROACTIVE APPLICABILITY DATE. This Act applies 1 13 retroactively to assessment years beginning on or after 1 14 January 1, 2002. 1 15 EXPLANATION 1 16 This bill exempts 50 percent of the assessed value of 1 17 commercial vineyards from property taxation if the vineyard is 1 18 classified as commercial property for property tax assessment 1 19 purposes. 1 20 The bill applies retroactively to assessment years 1 21 beginning on or after January 1, 2002. 1 22 LSB 5299SS 79 1 23 sc/sh/8 1 24
Text: SF02068 Text: SF02070 Text: SF02000 - SF02099 Text: SF Index Bills and Amendments: General Index Bill History: General Index
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