Update on Personal Property Tax Exemptions (HB 2105)
HB 2105 would sunset multiple property tax exemptions in 2018, including those related related to agriculture and forestry:
307.315 – Nursery Stock
307.320 – Deciduous trees, shrubs, plants, crops, cultured Christmas trees or hardwood on ag land
307.325 – Ag products in possession of the farmer
307.391 – field burning equipment
307.394 – agriculture machinery and equipment
307.397 – certain agriculture machinery including aquaculture
307.398 – irrigation equipment
307.400 – inventory
307.827 – environmentally sensitive logging equipment
307.831 – skyline and swing yarders
This bill has not been scheduled for a public hearing or work session; however, OFB’s government affairs team is keeping a close watch on this legislation. We will provide updates as they come available.
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