HB 0357CS

CHAMBER ACTION




1The Finance & Tax Committee recommends the following:
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3     Council/Committee Substitute
4     Remove the entire bill and insert:
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6
A bill to be entitled
7An act relating to the assessment of obsolete agricultural
8equipment for purposes of ad valorem taxation; providing
9for agricultural equipment located on lands classified as
10agricultural pursuant to s. 193.461, F.S., and no longer
11usable for its intended purpose to be assessed at its
12value as salvage; providing an effective date.
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14Be It Enacted by the Legislature of the State of Florida:
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16     Section 1.  Assessment of obsolete agricultural
17equipment.--For purposes of ad valorem property taxation,
18agricultural equipment that is located on property classified as
19agricultural pursuant to s. 193.461, Florida Statutes, and that
20is no longer usable for its intended purpose shall be deemed to
21have a market value no greater than its value for salvage.
22     Section 2.  This act shall take effect January 1, 2007.


CODING: Words stricken are deletions; words underlined are additions.