Current Use Reform Still Unsettled
As part of the fiscal belt tightening efforts, lawmakers are looking to reduce spending on the Current Use taxation policy by $1.6M. This bill went through a lot of wrangling during the entire session and as we write this update the final outcome remains unclear because it is possible the Governor will veto the final package. The main features of the bill are a one-time $128 per enrollee fee, an improvement to taxes applied to land removed from current use for development, and a one-time appropriation to help bring the program into the electronic era. Critics of the bill oppose the one-time surcharge and they object to the development tax penalties provision.