AN ACT ESTABLISHING A FARM INVESTMENT TAX CREDIT AND INCREASING THE FARM MACHINERY PROPERTY TAX EXEMPTION AMOUNT.
To establish a farm investment property tax credit and increase the property tax exemption amount of the assessed value of farm machinery.
Introduced by:
Finance, Revenue and Bonding Committee| New today | 2-4 days old | 5 days & older |
| Text of Bill | |
| File No. 887 [doc] | |
| FIN Joint Favorable Substitute [doc] | |
| Raised Bill [doc] |
| Committee Actions | |
| FIN Joint Fav. Rpt | |
| FIN Vote Tally Sheet (Joint Favorable Substitute) |
| Fiscal Notes | |
| Fiscal Note For File Copy 887 |
| Bill Analyses | |
| Bill Analysis For File Copy 887 |
Co-sponsors for Amendment LCO:
Bill History
| Date | Action Taken | ||
|---|---|---|---|
| 5/12/2025 | (LCO) | File Number 887 | |
| 5/12/2025 | House Calendar Number 582 | ||
| 5/12/2025 | Favorable Report, Tabled for the Calendar, House | ||
| 5/12/2025 | (LCO) | Reported Out of Legislative Commissioners' Office | |
| 5/5/2025 | (LCO) | Referred to Office of Legislative Research and Office of Fiscal Analysis 05/12/25 12:00 PM | |
| 4/24/2025 | (LCO) | Filed with Legislative Commissioners' Office | |
| 4/24/2025 | (FIN) | Joint Favorable Substitute | |
| 3/7/2025 | Public Hearing 03/14 | ||
| 3/6/2025 | Referred to Joint Committee on Finance, Revenue and Bonding |
Co-sponsors of HB-7175
Rep. Tony J. Scott, 112th Dist.
Rep. Ben McGorty, 122nd Dist.
Rep. Kerry S. Wood, 29th Dist.
Rep. Irene M. Haines, 34th Dist.
Rep. Joseph P. Gresko, 121st Dist.
Rep. Mark DeCaprio, 48th Dist.
Rep. Michael D. Quinn, 82nd Dist.
Rep. William Heffernan, 115th Dist.
Rep. Mitch Bolinsky, 106th Dist.
Rep. Tim Ackert, 8th Dist.
Rep. Amy Romano, 113th Dist.
Rep. Tammy Nuccio, 53rd Dist.
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