PROP TX-FARMLAND VALUATION
Summary
Amends the Property Tax Code. Provides that, beginning with the 2005 assessment year, qualified timberland shall be assessed at 33 1/3% of the lesser of: (i) its value; or (ii) $500 per acre. Defines "qualified timberland" as any parcel of unimproved real property that is timberland and that: (1) does not qualify as cropland, permanent pasture, other farmland, or wasteland; and (2) is not managed under a forestry management plan so as to be considered as "other farmland". Effective immediately.
Bill status
failed
1 of 4 stages cleared
Introduction
Feb 2006
Committee Review
Floor Vote
Governor
Introduced Feb 21, 2006
Last action Jan 9, 2007
Floor votes
How they voted
No floor votes recorded yet.
Full legislative history
Actions timeline
Total actions
34
Key actions
0
Committee
4
Amendments
2
Jan 9, 2007
House · Failed
Session Sine Die
Mar 3, 2006
House · Referred to committee
Rule 19(a) / Re-referred to Rules Committee
Feb 16, 2006
House · Reported by committee
Do Pass as Amended / Short Debate Revenue Committee; 012-000-000
Feb 16, 2006
House · Amendment adopted
House Committee Amendment No. 1 Adopted in Revenue Committee; by Voice Vote
Feb 16, 2006
House · Amendment offered
House Committee Amendment No. 1 Filed with Clerk by Revenue Committee
Jan 11, 2006
House · Referred to committee
Assigned to Revenue Committee
Nov 2, 2005
House · Referred to committee
Referred to Rules Committee
0 primary · 1 co-sponsor
Sponsors
Role
Legislator
Party
State
District
Co
Kurt M. Granberg
DDemocratic
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