HB1516 Creates an income tax credit for personal property taxes paid on agricultural crops and machinery.
Sponsor: Gaskill, Sam (131) Effective Date:00/00/0000
CoSponsor: LR Number: 3292L.01I
Last Action: COMMITTEE: WAYS AND MEANS
02/08/2000 - Public Hearing Held (H)
HB1516
Next Hearing:Hearing not scheduled
Calendar:Bill currently not on calendar
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BILL SUMMARIES BILL TEXT
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Available Bill Summaries for HB1516 Copyright(c)
* Introduced

Available Bill Text for HB1516
* Introduced *

BILL SUMMARIES

INTRODUCED

HB 1516 -- Income Tax:  Credit for Property Taxes Paid on
Grains, Livestock, and Farm Machinery

Sponsor:  Gaskill

This bill authorizes a state income tax credit for individual
income taxpayers in an amount equal to 100% of personal property
taxes paid on grain and other agricultural crops in
unmanufactured condition, livestock, and farm machinery.

The credit will apply to all tax years beginning after January
1, 2001.


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Last Updated October 5, 2000 at 11:33 am