Get Full Government Meeting Transcripts, Videos, & Alerts Forever!
Committee amends farm-appraisal bill to let corporate owners count separate tracts toward $20,000 threshold
Summary
A committee substitute for SB 618 was amended to allow a corporate owner to aggregate multiple noncontiguous farm parcels when determining eligibility for a reduced farm property appraisal if those parcels together generate at least $20,000 in annual agricultural product sales.
The West Virginia Senate Agriculture Committee approved a committee substitute for Senate Bill 618 and adopted an amendment to allow corporate owners to aggregate separate parcels of farmland when determining eligibility for the reduced method of farm property appraisal if the aggregated parcels generate at least $20,000 in annual agricultural sales.
Committee counsel told members that SB 618 “adds a new subsection that provides that even if a corporate owner of farm property is not engaged in farming as its principal activity… it can still qualify for the reduced method of appraisal if any parcel of farm property that it owns generates at least $20,000 from the sale of agricultural products on an…
Already have an account? Log in
Subscribe to keep reading
Unlock the rest of this article — and every article on Citizen Portal.
- Unlimited articles
- AI-powered breakdowns of topics, speakers, decisions, and budgets
- Instant alerts when your location has a new meeting
- Follow topics and more locations
- 1,000 AI Insights / month, plus AI Chat
