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1998 SESSION

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HB 727 Valuation of land under conservation easement.

Introduced by: W. Tayloe Murphy, Jr. | all patrons    ...    notes | add to my profiles

SUMMARY:

Valuation of land under conservation easement. Clarifies how the value of land is to be determined for tax purposes if the land has been made subject to a permanent conservation easement. The assessed value of the land will not include any value attributable to a use that is not permitted under the terms of the conservation easement.


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