SB 72 IN

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Passed One Chamber

Makes new farm equipment and new agricultural improvements eligible for local tax abatement using the same procedures for tax abatement under current law for new manufacturing equipment, new research and development equipment, new logistical distribution equipment, and new information technology equipment, or redevelopment and rehabilitation in the case of new agricultural improvements. Limits an abatement schedule for new farm equipment and new agricultural improvements to not more than five years. Specifies how agricultural improvements shall be assessed for tax purposes.

• Rick Niemeyer Republican · author
• Ed Charbonneau Republican · author
• Harold Slager Republican · sponsor

1. Jan 4, 2021 Authored by Senator Niemeyer · upper
2. Jan 4, 2021 First reading: referred to Committee on Tax and Fiscal Policy · upper
3. Feb 11, 2021 Senator Charbonneau added as second author · upper
4. Feb 16, 2021 Committee report: amend do pass, adopted · upper
5. Feb 18, 2021 Second reading: ordered engrossed · upper
6. Feb 22, 2021 Senator Randolph added as coauthor · upper
7. Feb 22, 2021 Third reading: passed; Roll Call 148: yeas 49, nays 0 · upper
8. Feb 22, 2021 House sponsor: Representative Slager · upper
9. Feb 22, 2021 Cosponsor: Representative Aylesworth · upper
10. Feb 23, 2021 Referred to the House · upper
11. Mar 4, 2021 First reading: referred to Committee on Ways and Means · lower

The published texts of this bill as it moves through the legislature. Each links to the official document on the state legislature site. Data from OpenStates.

• Senate Bill (S) · Feb 16, 2021 · PDF
• Introduced Senate Bill (S) · Dec 30, 2020 · PDF