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A03648 Summary:

BILL NOA03648
 
SAME ASSAME AS S00667
 
SPONSORDelMonte
 
COSPNSR
 
MLTSPNSR
 
Amd S16, Ag & Mkts L; add S220-b, County L; amd S1405, Ins L; amd S1503, Tax L
 
Provides a tax incentive to domestic life insurance companies to invest up to 1% of admitted assets in the purchase of agricultural land to be kept in agricultural production for the cultivation of fruit or the processing of fruit products, which land is subject to a conservation easement and receives or is eligible to receive an agricultural assessment; enacts related provision relating to conservation easements.
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