Ohio Senate Bill 246 (Prior Session Legislation)

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Spectrum: Partisan Bill (Republican 1-0)
Status: Introduced on November 18 2015 - 25% progression, died in committee
Action: 2015-12-09 - Refer to Committee: Ways and Means
Pending: Senate Ways and Means Committee
Text: Latest bill text (Introduced) [PDF]

To amend sections 5713.31, 5713.34, and 5715.01 of the Revised Code to require that the computation of the capitalization rate for the purposes of determining CAUV of agricultural land be computed using a method that excludes appreciation and equity buildup and to stipulate that CAUV land used for a conservation practice or enrolled in a federal land retirement or conservation program for at least three years must be valued at the lowest of the values assigned on the basis of soil type.

Revises tax valuation of agricultural land

Sen. Cliff Hite [R]

Date	Chamber	Action
2015-12-09	Senate	Refer to Committee: Ways and Means
2015-11-18	Senate	Introduced

Chapter	Article	Section	Citation Type	Statute Text
57			Amended Code	Citation Text
57	13		Amended Code	Citation Text
57	13	31	Amended Code	Citation Text
57	13	34	Amended Code	Citation Text
57	15		Amended Code	Citation Text
57	15	01	Amended Code	Citation Text

Type	Source
Summary	https://www.legislature.ohio.gov/legislation/legislation-summary?id=GA131-SB-246
Text	https://search-prod.lis.state.oh.us/solarapi/v1/general_assembly_131/bills/sb246/IN/00/sb246_00_IN?format=pdf