Committee recommends HB 2140, exempting some current-use land transfers from additional tax
The committee voted to recommend substitute House Bill 2140, which exempts land classified under current use that is sold or transferred to a governmental entity from additional tax under specified conditions, including limits on acreage removed and retention or infrastructure-use requirements by the governmental entity.
The full story
The Senate Local Government Committee recommended a 'do pass' for substitute House Bill 2,140 by voice vote and forwarded it to the rules committee. Committee staff summarized the bill as exempting land classified under current use from additional tax when sold or transferred to a governmental entity in certain circumstances and described conditions limiting the exemption.
Sign up to keep reading.
Your free newsletter brings you what your city council, county, and school board discussed and decided.
Keep reading for free
Create a free account to finish this story and see the video, transcript and key details.
Continue with GoogleContinue with emailAlready have an account? Log in