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Senate committee lays over bill to give partial property tax credit for buffer strips, adopts A1 amendment
Summary
Senate File 960 (as amended) would create a 40% property tax credit for agricultural land enrolled in state-required riparian buffers and reduce riparian protection aid to offset the cost; the committee adopted an A1 amendment and laid the bill over.
Senate File 960, presented March 18 in the Senate Taxes Committee, would provide a partial property tax credit to agricultural landowners for acreage subject to state-required riparian buffers. Sponsor Senator Mark Putnam said the bill aims to address what he called a lingering inequity: farms that comply with buffer requirements remain taxed as if the land were still in full agricultural production.
"This bill provides a partial property tax credit for agricultural land that the government has taken out of production and shifts some of the resources dedicated to implementation and enforcement of the program to pay for that property tax relief," Senator Putnam told the committee.
The bill, as described in committee and in the A1 amendment,…
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