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A03648 Summary:
BILL NO | A03648 |
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SAME AS | SAME AS S00667 |
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SPONSOR | DelMonte |
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COSPNSR | |
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MLTSPNSR | |
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Amd S16, Ag & Mkts L; add S220-b, County L; amd S1405, Ins L; amd S1503, Tax L | |
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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. |