HB 110

Principle Criteria
neutral
Free Enterprise
neutral
Property Rights
neutral
Personal Responsibility
neutral
Limited Government
neutral
Individual Liberty
Digest
HB 110 revises the definitions in the Tax Code related to the ad valorem tax exemption for farm products in the hands of the producer. It broadens and clarifies what qualifies as “farm products” (including poultry, eggs, and timber) and defines ownership and physical conditions under which the exemption applies.
Related Legislation
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