Water Resources and Agriculture Review Committee. The bill
broadens the definition of ranch for purposes of property taxation to include a parcel of land used for grazing or raising livestock for the primary purpose of obtaining a monetary profit rather than a parcel of land used only for grazing livestock for the primary purpose of obtaining a monetary profit. The bill also eliminates the limited definition of livestock included in the definition of ranch and replaces it with the general definition of livestock used for property tax purposes that includes all animals.
