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Committee recommends HB 2140, exempting some current-use land transfers from additional tax
Summary
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 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.
Staff said the bill exempts land sold or transferred to a governmental entity from additional tax when the governmental entity will retain the land at its current-use classification or use it for infrastructure to support eligible uses under the current-use classification, and when the combined acreage of land removed from classification is less than 20% of the total classified land. "House Bill 2,140 exempts land sold or transferred to a governmental entity from additional tax," a staff member said. The staff noted the House passed the bill 97-0 and that a fiscal note is available.
Under Senate Rule 49 the committee dispensed with a public hearing because the committee had previously heard the Senate companion, Senate Bill 5,983. The committee moved the bill to the rules committee by voice vote; the chair announced the bill passed subject to signatures.
