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Committee adopts exemption for pre-existing LLPs and advances SB 465
Summary
The committee amended Senate Bill 465 to exempt limited liability partnerships owning agricultural land before July 1, 2026, adopted a technical reviser correction, and voted to report the bill favorably as amended.
The Senate Committee on Agriculture and Natural Resources amended and advanced Senate Bill 465 on a vote after adopting both a policy amendment and a technical drafting fix.
Senator Starnes introduced an amendment to exempt any limited liability partnerships (LLPs) that owned agricultural land prior to July 1, 2026, from the bill. "The change would exempt any LLPs that own ag land from the law prior to…
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