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Committee hears bill to exempt government acquisitions from open‑space 'additional tax'
Summary
House Finance heard House Bill 2,140, which would exempt land sold or transferred to a governmental entity from the additional tax triggered when property is removed from an open‑space current‑use classification; sponsor Rep. Lowe said the change fixes an assessor dilemma when small road frontages are taken, and FutureWise signaled support while seeking language to preserve agricultural and open‑space uses.
House Finance on Thursday heard House Bill 2,140, a narrowly framed measure that would exempt land sold or transferred to a governmental entity from the "additional tax" owners pay when property is removed from an open‑space current‑use classification.
Committee staff Christina King summarized the proposal for members, saying the bill "exempts land sold or transferred to a governmental entity from additional tax when the land is removed from an open space classification in certain circumstances."…
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