March 23, 2023 - Introduced by Senators Testin, Taylor, Pfaff, Spreitzer, Ballweg, Hesselbein, Marklein, Quinn, Smith, Tomczyk, Carpenter, Roys and Wanggaard, cosponsored by Representatives Oldenburg, Novak, Shankland, Tranel, C. Anderson, Considine, Hurd, Jacobson, Mursau, Schmidt, VanderMeer, Bare, Joers, Krug, Nedweski, Penterman and Subeck. Referred to Committee on Agriculture and Tourism.
SB134,,22An Act to amend 71.613 (2) (intro.), 71.613 (2) (a), 71.613 (2) (b), 71.613 (2) (c), 91.04 (intro.) and 91.62 (1) (a); and to create 71.613 (1) (h) 4., 71.613 (2) (am), 71.613 (2) (bm), 71.613 (2) (cm), 71.613 (2) (d), 71.613 (2e) and 91.04 (2) (bm) of the statutes; relating to: farmland preservation agreements and tax credits. SB134,,33Analysis by the Legislative Reference Bureau This bill makes the following changes involving farmland preservation agreements and farmland preservation tax credits:
1. Decreases the minimum required length of a farmland preservation agreement between the Department of Agriculture, Trade and Consumer Protection and a farmland owner to 10 years from 15 years. Under current law, a farmland owner who enters into a farmland preservation agreement with DATCP may be eligible to receive farmland preservation tax credits for his or her qualifying acres of farmland.