1 | The Finance & Tax Committee recommends the following: |
2 |
|
3 | Council/Committee Substitute |
4 | Remove the entire bill and insert: |
5 |
|
6 | A bill to be entitled |
7 | An act relating to the assessment of obsolete agricultural |
8 | equipment for purposes of ad valorem taxation; providing |
9 | for agricultural equipment located on lands classified as |
10 | agricultural pursuant to s. 193.461, F.S., and no longer |
11 | usable for its intended purpose to be assessed at its |
12 | value as salvage; providing an effective date. |
13 |
|
14 | Be It Enacted by the Legislature of the State of Florida: |
15 |
|
16 | Section 1. Assessment of obsolete agricultural |
17 | equipment.--For purposes of ad valorem property taxation, |
18 | agricultural equipment that is located on property classified as |
19 | agricultural pursuant to s. 193.461, Florida Statutes, and that |
20 | is no longer usable for its intended purpose shall be deemed to |
21 | have a market value no greater than its value for salvage. |
22 | Section 2. This act shall take effect January 1, 2007. |