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Committee outlines abatement option in H.134 to allow limited agricultural land withdrawals for affordable housing
Summary
The committee reviewed a Legislative Council amendment to H.134 that would let PVR abate the land use change tax when small portions of enrolled agricultural land are withdrawn and later developed for affordable housing, subject to multiple conditions meant to limit parcel fragmentation and ensure modest density.
The Agriculture, Food Resiliency, & Forestry Committee reviewed a Legislative Council amendment to H.134 that would add a new abatement path to the land use change tax for certain enrolled agricultural land that is withdrawn and later developed for affordable housing.
Legislative Council attorney Kirby Keaton described the approach as an amendment to the existing abatement subsection (subsection g) so PVR would have authority to forgive the land use change tax when land withdrawn from use-value appraisal is later developed for qualifying affordable housing and meets a list of conditions. Keaton said abatement differs from an up-front exemption because it occurs at the point of development (when the tax becomes due) rather than before development occurs.
Key draft criteria discussed by the committee included: withdrawal of not more than 2…
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