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Senate committee hears family-farm expansion bill, lays it over for omnibus
Summary
Senate File 7-55 would raise the family farm corporation ownership cap from 12 to 18 to ease estate planning for large farm families; sponsor and family members testified in support and the bill was laid over for omnibus consideration.
Senate File 7-55, a bill to increase the maximum number of family members eligible under a family farm ownership provision from 12 to 18, was presented Wednesday and laid over for omnibus consideration after constituency testimony.
Senator Anderson introduced the bill as a refile of language from 2024 and said it aims to allow larger families to include more relatives in farm ownership without triggering adverse tax consequences under current…
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