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Committee accepts amendment reducing conservation land exemption in HB540
House Ways and Means Committee · March 3, 2026
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Summary
The House Ways and Means Committee accepted a Vice Chair's amendment to HB540 that changes the exempted land value percentage for certain conservation organizations from 97.5% to 47.5%, and recorded the bill's third hearing with no in-person opposition.
The committee brought forward House Bill 540, which would require payments in lieu of taxes (PILOTs) from certain conservation organizations. Vice Chair…
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