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Burt introduces bill to loosen current‑use eligibility and lower land‑use change tax
Summary
Representative Greg Burt introduced H.273 to lower the farm-income threshold for use‑value appraisal eligibility from 50% to 25%, include certain equine income, and reduce the land‑use change tax rate from 10% to 6% of fair-market value.
Representative Greg Burt introduced H.273 to amend current-use eligibility and the land‑use change tax. Burt said the bill lowers the income test for agricultural enrollment to 25% of a farmer’s annual gross income (from a 50% threshold), adds language to include equine operations that earn at least 25% of a farmer’s income, and reduces the land‑use change tax from 10% to 6% of full…
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