Relating to the taxation of qualified machinery and equipment used in food processing; prescribing an effective date.

Extends sunset of exemption from property taxation for qualified machinery and equipment that is used in food processing. Authorizes governing body of county to adopt ordinance or resolution rendering exemption inoperative for county and all other taxing districts within county. Notwithstanding adoption by county of ordinance or resolution under Act, allows exempt machinery and equipment in county to receive exemption for number of years for which machinery and equipment is eligible under exemption statute. Authorizes governing body of county to adopt ordinance or resolution rendering exemption operative again. Provides that ordinances and resolutions authorized under Act must remain in effect for at least three consecutive property tax years. Takes effect on 91st day following adjournment sine die.