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HB 703 Kentucky House · 2025 Regular Session

AN ACT relating to farmland retention.

Summary
Amend KRS 154.60-040 to define terms; create the Farmland Retention Tax Credit Program; establish a tax credit for seller of agricultural land; amend KRS 141.3841, 131.190, 154.60-005, and 154.60-020 to conform; sunset the program on December 31, 2031.
Issues: ✓ Budget & TaxesSupports Budget & TaxesCreates Farmland Retention Tax Credit Program, providing tax relief for agricultural land sellers under Taxation subject.85% confidence
Bill status in committee 1 of 4 stages cleared
Introduction
Feb 2025
Committee Review
Floor Vote
Governor
Introduced Feb 19, 2025 Last action Feb 27, 2025
Floor votes

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Full legislative history

Actions timeline

Total actions
3
Key actions
0
Committee
2
Feb 27, 2025
Committee
to Appropriations & Revenue (H)
lower
Feb 19, 2025
Committee
to Committee on Committees (H)
lower
Feb 19, 2025
Introduced
introduced in House
lower
0 primary · 0 co-sponsors

Sponsors

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