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Indiana General Assembly
Senate Bill 0362


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Senate Bill 0362

ARCHIVE (2004)

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DIGEST OF SB362 (Updated January 29, 2004 2:53 pm - DI 84)

Farmland protection program. Freezes the assessed value of land classified in the farmland protection program. Upon withdrawal from the classification, requires payment of the property taxes that would have been assessed to the land during the lesser of the period of classification or ten years, plus interest. Requires deposit of the property taxes in the farmland protection program account. Creates the farmland protection program to be administered by the Indiana land resources council. Creates the farmland protection program account.
    Current Status:
     In Committee - 2nd House
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