Farm Book

STATEMENT TO

[Third Reprint]

SENATE COMMITTEE SUBSTITUTE FOR SENATE, No. 589

with Assembly Floor Amendments (Proposed by Assemblyman SINGLETON)

ADOPTED: FEBRUARY 14, 2013

These floor amendments would: (1) require the State Board of Agriculture and the Department of Agriculture to develop the farmland assessment guidelines within one year after enactment of the bill into law; (2) require the Division of Taxation to review the guidelines, and, upon its approval thereof, adopt them as rules and regulations; (3) change the date from January 1, 2017 to January 1, 2018 with respect to implementation of the provision in the bill concerning tax assessors furnishing proof of having taken the farmland assessment continuing education course required by the bill; and (4) provide that the bill, although it would take effect immediately, would be applicable to tax years commencing with tax year 2015 rather than tax year 2014.

Made with