Agricultural Property Tax Definitions

The definition of 'Farm' was updated to require that the land be 'predominantly' used to produce agricultural products for profit, clarifying eligibility for smaller operations.

The definition of 'Ranch' was expanded to require that the land be 'predominantly' used for grazing livestock for profit through a 'pasture-based operation.'

New definitions were added for 'Livestock' and 'Pasture-Based Operation,' specifically defining the latter as a method where animals have regular access to open pasture and derive a majority of their diet from grazing.

Removed draft markings, committee lists, and summary notes that were present in the revised version but are not part of the final enacted law.

Added signature blocks for legislative officers and the Governor, confirming the bill has been signed into law.

Added a header indicating the bill is at the '3rd Reading Unamended' stage with a specific date of February 23, 2026.

Updated the document title from 'REVISED' to 'REREVISED' to reflect the inclusion of all amendments adopted in the Second House.

Added eight new names to the House Sponsorship list, expanding the coalition of legislators supporting the bill.

The bill status label changed from 'Reengrossed' to 'Revised' to indicate the specific stage of the legislative process.

Four blank lines were inserted before the bill title and subject matter description.

The date stamp was updated to 'February 20, 2026' to reflect the most recent reading date.

Added nine new names to the Senate sponsorship list, expanding the coalition of supporters for the bill.

Changed the bill status header from 'ENGROSSED' to 'REENGROSSED' to accurately reflect the legislative stage.

Updated the explanatory note to clarify that a summary for the reengrossed version will be available after the third reading in the House of Introduction.

The bill's status was updated from 'Introduced' to 'Engrossed', reflecting its completion of the legislative process.

A header was added stating that the version includes all amendments adopted on second reading in the House.

A date stamp indicating the bill was unamended on second reading on February 2, 2026, was added.

Page footer text was updated to reflect the new bill number format (removing 'SB' prefix in some instances) and to include the amendment status.