31st Legislature, 2021
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HB1151       (?)


Measure Title: RELATING TO AGRICULTURE.
Report Title: Agriculture; Agribusiness Development Corporation; Land Leases; Agricultural Products; General Excise Tax Exemption
Description: Requires the agribusiness development corporation to lease agricultural land under its control at the rate of $1 per year until use of the land has resulted in a profit, at which time an annual supplemental lease rent equivalent to an unspecified percentage of the net profit derived from sales of agricultural products produced on the leased land becomes applicable. Exempts a producer of agricultural products from payment of excise tax on the amounts received from sales of agricultural products produced on the leased land.
Companion:
Package: None
Current Referral: AGR, FIN
Introducer(s): MCDERMOTT

Sort by Date Status Text
1/26/2021HPending introduction.
1/27/2021HIntroduced and Pass First Reading.
2/1/2021HReferred to AGR, FIN, referral sheet 3

S = Senate | H = House | D = Data Systems | $ = Appropriation measure | ConAm = Constitutional Amendment

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HB1151




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