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    SB 7034: Taxation

    GENERAL BILL by Finance and Tax

    Taxation; Revising the timeframe in which certain agricultural lands may be classified ...

    as agricultural lands when taken out of production by a state or federal eradication or quarantine program; exempting from ad valorem taxes any portion of property used as a child care facility that has achieved Gold Seal Quality status; providing a credit against oil and gas production taxes under the Home Away From Home Tax Credit beginning on a specified date; exempting the sale of gold, silver, and platinum bullion from the state sales tax; exempting certain clothing from the state sales tax; creating the Rural Community Investment Program within the Department of Commerce; exempting from sales and use tax specified disaster preparedness supplies during a specified timeframe, etc. APPROPRIATION: $1,311,076
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    Effective Date: Except as otherwise provided in this act and except for this section, which shall take effect upon becoming a law, this act shall take effect July 1, 2025

    Last Action: 5/3/2025 Senate - Indefinitely postponed and withdrawn from consideration

    Bill Text [pdf]

    Current Bill Version Posted: 4/15/2025 06:36 PM


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