Agricultural riparian buffer property tax exemption establishment, taxing jurisdictions reimbursement requirement, and appropriation

This bill creates a property tax exemption for agricultural lands used as riparian buffers (vegetated areas along waterways that protect water quality) on designated class 2a and 2b farmland. Landowners must apply through county assessors and maintain compliance with buffer requirements to qualify. Local governments lose tax revenue from the exemption but will receive annual reimbursements from the state, paid in two installments each year starting in 2026. The reimbursement amount equals the actual tax revenue lost due to the exemption.