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I SPEAK FOR THE TEMPORARY TREES!
March 30, 2007
A bill introduced in the Iowa Legislature yesterday, HSB 299, would repeal the property tax exemption for "forests." This provision has become notorious as a tool for developers who buy land for future development and fill it with saplings, claiming a tax exemption until the time comes to bring in the bulldozers.
The bill comes in late in the session, so it probably won't pass, but at least somebody is on to this one.
Follow all 2007 Iowa tax legislation at our 20078 Iowa Tax Legislation page.
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