Relating to the definitions of certain terms for purposes of the exemption from ad valorem taxation of farm products in the hands of the producer.

HB 255 clarifies definitions for a property tax exemption on farm products produced by farmers. It adds livestock, poultry, and timber (including standing timber) to the list of "farm products" eligible for the exemption. The bill specifies that "in the hands of the producer" means livestock/poultry/eggs owned by the farmer on January 1 of the tax year, or timber still on the property where it was grown. This bill takes effect for tax years starting January 1, 2026, but only if voters approve a related constitutional amendment.