State Agricultural Land Transfer Tax - Application of Nonagricultural Use Reduction and Exemption
Sponsor: Delegate ShoemakerCommittee: Ways and MeansSubject: Taxes - Recordation and TransferStatus: First Reading Budget and Taxation (as of Nov 6, 2020)
What this bill does
Official synopsis
Clarifying that certain provisions of law concerning the method of calculating a certain reduction in the State agricultural land transfer tax apply to a transfer under a contract of sale dated on or after July 1, 2019; clarifying that a certain exemption from the State agricultural land transfer tax applies to a transfer under a contract of sale dated on or after July 1, 2019; etc.
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Testimony (2)
MGA witness listFAV 2Favorable
| Position | Witness | Organization | Testimony |
|---|---|---|---|
| FAV | Bowersox, Dave | Individual | Oral + Written (PDF) |
| FAV | Delegate Shoemaker, Delegate Shoemakerlegislator | Individual | Oral + Written (PDF) |