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.