Bill
LD 1699
Overview: LD 1699, "An Act To Create A Refundable Tax Credit For Agricultural Enterprises", was introduced on April 17, 2025 and is currently in the Carry Over Approved stage.Purpo
Overview: LD 1699, "An Act To Create A Refundable Tax Credit For Agricultural Enterprises", was introduced on April 17, 2025 and is currently in the Carry Over Approved stage.
Purpose and Intent: The bill aims to create a refundable tax credit for agricultural enterprises, with the goal of supporting and promoting the growth and sustainability of the agricultural sector.
Key Provisions:
- Establishes a refundable tax credit for eligible agricultural enterprises
- Defines the criteria for eligibility, such as minimum revenue, employment, and investment thresholds
- Specifies the calculation and maximum amount of the tax credit
- Provides for the administration and oversight of the tax credit program
Affected Parties and Impacts: The primary beneficiaries of this bill would be agricultural enterprises, including farms, ranches, and other agricultural businesses. The tax credit is intended to incentivize investment, job creation, and the overall growth and competitiveness of the agricultural sector.
Procedural and Timeline Considerations: The bill is currently in the Carry Over Approved stage, which means it has been carried over to the next legislative session for further consideration. The next steps would involve the legislature reviewing the bill, potentially holding additional hearings or discussions, and ultimately deciding whether to pass the legislation.
Compiled from official sources — confirm details with the bill’s official record.
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