RELATING TO AGRICULTURAL LAND CONVEYANCE TAX.

SB 247 would add a surcharge to the existing transfer tax when agricultural land is sold. It directly affects individuals or entities selling agricultural land who realize a net capital gain from the sale. The bill imposes this surcharge on the conveyance tax amount calculated for such transactions. The key provision is that the surcharge applies specifically to the net capital gain portion of the land transfer, not the full sale price. This is a tax policy change affecting agricultural land sales, not a procedural or commemorative measure.