Committee: Senate Taxation
MOTION:
TO APPROVE THE MINUTES OF WEDNESDAY, FEBRUARY 16, 2000
Moved by:
Senator Brown (Arnold)
Second by:
Senator Olson
Action:
Prevailed by voice vote.
HB 1005:
conduct a pilot study on agricultural income value and to create a task
force.
Proponents:
Representative Lintz (Handout)
Representative McNenny
Rick Vallery, South Dakota Wheat Inc./Ag Unity
Marie Ingalls, South Dakota Farm Bureau/South Dakota Stock Growers Association
Comments: Jim Fry, Department of Revenue
MOTION:
AMEND HB 1005
"
Section 23. There is hereby appropriated from the general fund the sum of one hundred thousand
dollars ($100,000), or so much thereof as may be necessary, to the Department of Revenue for the
purpose of conducting a pilot study concerning the use of agricultural income value as a means to
value agricultural land.
Section 24. The secretary of the Department of Revenue shall approve vouchers and the state
auditor shall draw warrants to pay expenditures authorized by this Act.
Section 25. Any amounts appropriated in this Act not lawfully expended or obligated by June 30,
2002, shall revert in accordance with
§
4-8-21.
Section 26. Whereas, this Act is necessary for the support of the state government and its existing
public institutions, an emergency is hereby declared to exist, and this Act shall be in full force and
effect from and after its passage and approval.
"
Cynthia L. Mercer