[r75] First Senate bill in House helps farmers, agriculture (2/25/2013)

Monday, February 25, 2013

Start Date: 2/25/2013 Start Time: 11:30 AM
STATEHOUSE- Senate Bill (SB) 319 regarding soil productivity factors went on to third reading on Thursday in the Indiana House of Representatives. SB 319 is the first piece of legislation to switch houses in the 2013 legislative session and is on the fast track to becoming law. The bill is widely supported in the House with 67 representatives listed as a coauthor. The bill passed with no amendments and now moves on to third and final reading.  

“This bill is being fast tracked because of its important to many Hoosiers,” said Rep. Ron Bacon (R-Chandler). “I am very pleased that so many legislators have come together to make it easier for the Indiana Farm bureau to complete their study with the most accurate of results. It is important not only to complete the study, but to complete the study correctly.” 

SB 319 provides that the soil productivity factors that were used for the March 1, 2011 assessment of agricultural land must be used for the March 1, 2013 assessment date. Each farmland assessment begins with the base rate per acre. The base rate is then adjusted by the soil productivity factor and influence factors to calculate the assessed value for the land.

“We are really appreciative of those individuals who got this bill to the Senate in a hurry and to the House for now fast tracking it,” said Indiana Farm Bureau tax and local government specialist Katrina Hall. “This is an issue our members have been facing and we appreciate the efforts to delay this for one more year to access it more generally.”

SB 319 also establishes an interim study committee to study agriculture property tax issues.

To stay up-to-date on this bill and any other piece of legislation in the General Assembly, visit www.in.gov/legislative.

Bacon NR SB 319.docx