AN ACT relating to the farm implements and farm machinery ad valorem tax exemption.

This bill would change the rules around a property tax exemption that applies to farm equipment and machinery. Specifically, it removes certain requirements about who must own and use the equipment in order to qualify for the exemption. This could make it easier for some farm equipment to qualify for the tax break under state and local property tax law. Who it may affect: farmers, farm equipment owners, and potentially those who lease or share farm machinery.

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