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Committee accepts amendment reducing conservation land exemption in HB540
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 Thomas moved to amend HB540 with sub-bill L_136_2257-1; Thomas explained the amendment reduces the exempted land-value percentage from 97.5% to 47.5%.
The chair asked if there were any questions or objections; hearing none, the committee accepted the amendment by voice and recorded the third hearing. The committee received no in-person testimony on HB540 during the session.
The amendment was accepted without a roll-call vote and the committee moved on to other business.
