Bill
SB 2858
Overview: SB 2858 - Ad valorem tax; bring forward agricultural code sections.Purpose and Intent: The primary purpose of this bill is to bring forward certain sections of the state'
Overview: SB 2858 - Ad valorem tax; bring forward agricultural code sections.
Purpose and Intent: The primary purpose of this bill is to bring forward certain sections of the state's agricultural code related to ad valorem (property) taxes. The bill aims to improve accountability, efficiency, and transparency in the administration of these tax provisions.
Key Provisions:
- Consolidates and reorganizes relevant sections of the agricultural code pertaining to ad valorem taxes.
- Requires the state to regularly review and update the agricultural code to ensure it remains current and effective.
- Enhances reporting and transparency requirements for the state's administration of ad valorem taxes on agricultural properties.
Affected Parties and Impacts:
- Owners of agricultural properties would be affected by the changes to the ad valorem tax provisions, potentially impacting their tax liabilities and reporting requirements.
- The state government, particularly the agencies responsible for administering the ad valorem tax system, would be responsible for implementing the bill's provisions.
Procedural and Timeline Considerations:
- The bill was introduced on March 14, 2025 but ultimately died in committee.
- The current status of the bill is that it did not advance further in the legislative process.
Compiled from official sources — confirm details with the bill’s official record.
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