The bill clarifies certain definitions and modifies the personal property tax exemption for agricultural equipment to expand opportunities for tax relief for certain business personal property.
Section 1 of the bill clarifies that personal property used in direct connection with the operation of a greenhouse is included in the definition of agricultural equipment used in a controlled environment agricultural (CEA) facility and is thus exempt pursuant to the exemption for such agricultural equipment, which is permanently extended beyond its current expiration after the 2029 property tax year in section 2.
