Amends GS 105-277.3(a), providing that for agricultural land to be designated as a special class property, being appraised, assessed, and taxed as provided in GS 105-277.2 through GS 105-277.7, other than agricultural land used as a farm for aquatic species, the tract of land must meet the income requirement for agricultural land and must consist of at least five acres that are in actual production (was, ten acres).
Effective for taxes imposed for taxable years beginning on or after July 1, 2013.
BROADEN AGRICULTURAL PRESENT USE VALUE.
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| View NCGA Bill Details | 2013-2014 Session |
A BILL TO BE ENTITLED AN ACT TO BROADEN THE AGRICULTURAL PRESENT-USE VALUATION CLASSIFICATION.Intro. by Ramsey, Fisher, Moffitt, Queen.
Status: Ref to the Com on Agriculture, if favorable, Finance (House Action) (Apr 15 2013)
Bill History:
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Thu, 11 Apr 2013 House: Filed
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Mon, 15 Apr 2013 House: Passed 1st Reading
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Mon, 15 Apr 2013 House: Ref to the Com on Agriculture, if favorable, Finance
H 874
Bill Summaries:
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Bill H 874 (2013-2014)Summary date: Apr 15 2013 - View Summary
View: All Summaries for Bill