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Committee considers adding equine farming to current-use appraisal with income thresholds
Summary
Lawmakers discussed an amendment to permit bona fide equine farming to qualify for use-value (current-use) tax appraisal under income-based thresholds tied to acreage and prior-year sales; the bill keeps final determinations with tax authorities and awaits a fiscal note.
The committee took up a proposal to include equine farming in the state's current-use (use-value) appraisal program by aligning eligibility criteria with the existing framework used for crop-based farming.
Under the amendment, land used for equine farming could qualify for the program if it produced specified annual gross income from equine activities in a set number of preceding calendar years, with income thresholds scaled to acreage. The draft mirrors the statutory approach for…
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