Committee proposes changes to agricultural land tax law - KOTA Territory News

Committee proposes changes to agricultural land tax law


After a lot of confusion about the Agricultural Land Tax Law, legislators, commissioners, and landowners have worked together to propose some changes to the current law.  

On Wednesday, members of the taxation committee presented a draft of their changes to the law. Currently, ranchers must meet two of three criteria in order to classify land as agricultural. The criteria are land purpose, size, and income.

Some of the proposed changes include changes to the income criteria, defining the main use of the property, and changes to the acreage. 

"We set our differences aside and met every single Wednesday and did research throughout the week to the following week of how we could improve this, and what we could do to make it good for everybody," said Brenda Whiting, a landowner.

"We think we've identified some areas that need improving can be improved and I think we've offered the language to do that," said jay Alderman, Chief Civil Deputy for Pennington County.

The changes to the law will be presented in the 2014 Legislative Session, which starts January 14.

Powered by WorldNow

518 St. Joseph St.
Rapid City, SD 57701

Telephone: 605.342.2000
Fax: 605.342.7305

Couldn't find what you were looking for?
Powered by WorldNow
All content © Copyright 2000 - WorldNow and KOTA. All Rights Reserved. For more information on this site, please read our Privacy Policy and Terms of Service.