Revenue & Tax - Senate

The Committee this is a concurrent house concurrent resolution that I'm on with the representative ray that Is just basically to urge Congress to continue the tax cuts and jobs act of twenty seventeen those tax cuts that affected. Individuals that are going to expire to encourage Congress to to continue those so it's a resolution will be sent to Congress and has been to whereas is in there and and all that good stuff but to I'm sure try to answer any questions you got you might. Any members have any questions on the a resolution. Anyone from the audience will speak for against. Hearing none what's pleasure the committee. motion we have a second second all in favor say aye opposed Like sign. Graduation this past the next one on the. Agenda is going to be H. B. ten twenty six. Senator Payton are you gonna run that. Your. If you have a hand out you want to give to the members that'll be fine after you do that you're recognized again. Much property but you're right it could have. Well let me go to Senator thank you because I will have questions to in a minute thank you Mr so my question originally was was very close to what Senator Dismang S. but so we're clearing it up and we're sent a statewide standard and we don't put. Limitation on acreage than those County collectors would not have the freedom. To impose a limit on acreage with the. Okay. Yeah that is correct and let me mention this center Payton we actually get AG opinion years ago that said this was the definition that a of time that this was. The definition we put in this bill was there AG opinions or codified that agent and so how can I have a follow up yes Sir I mean I I understand. Exactly what Senator Dismang was talking about with the recreation or the hunting or something like that but let's say. Somebody qualifies for this has. One hundred acres their dwelling places there. And obviously even if you're not commercial you've got to keep the grass cut and things like that so they just tell their son their adult son or family member you can cut all the hay and so that you know and I'm the of the veterans not run in a commercial business is just getting the benefit of of the grass being cut. I mean I can see some loopholes in this If you have other family members living in dwelling places and have multiple dwelling places on the acreage. but you're not charging them rent so to speak is that a commercial business no but we do not accept this. That becomes a partial all their own and they have to pay. Are you have another household on that property and someone else is living there that is not their home they had and then that becomes a different parcel and that person pace. Largest in that that's the practice I'm just not sure that that's going to be of allowed once we. The fighting it even now with the. Home state credit. As it is if you have another dwelling on the property that is let you know that someone lives in you do not get a credit on that one so I need to see that language to see if it's very similar or identical to this thank you thank you Mr dismaying. And and you can't have two houses someone personal so I mean they're not going to necessarily be taxed different and I think that's where you enter into a you're gonna have one more round of questions then because at this point you allow the assessor to to kind of form an opinion of what should happen there but let's say we have a forty acre parcel with two houses. How much land around the rental house is included and how much of the land around the rental houses exempted visit the one acre lot that the rental house sets on is it five acres rather I mean there's a lot of questions I think if you don't seven it was the day you don't seven acres limit I think you've got a lot of questions Senator questions I would have is. When you count the rental of farmland as. A commercial business because I don't think that it is It's a someone could buy a form for the House live on it rented out they get rental income but they're not operating commercial business and sales dont really coming I'm not sure that you would ever know the difference on this gesture level in their assessing Quitman they're not doing anything else or stronger rental check And again there is an IRS definition for. What a homestead is so would they didn't find themselves in this exact same position when they're exempting the seller personal residence some. Senator Wallace did you I'll let let the Senator go first okay your call will. Thank you Mr mmhm Page two line three do is go to the Mendis the but this is the real property contiguous to the dwelling under subdivision whatever the this section if the contiguous property that is not being used for commercial property and does not exceed forty acres I think what you're R. Harper. Senator Wallace Mr I'd like to pull this bill down there's enough that we need to talk about talk through. So okay before we before we do that any more comments because Senator Caldwell is made that suggestion I'm not for sure that some of the issues a Senator Dismang brought up to the commercial I'm not for sure if we need actually to find that a little bit more closely what rental is or if we already have something code so I would also ask in addition what Senator call will and the other questions that we take all that into account in a kind of humility the thing for this amendment we'll get those answers come to admire and I will go and speak for the committee here. There's not a person sitting around this table does not wanting to to get the best make the veterans for their houses the going to be exempt from this we just wanna make sure we don't have those that unintended consequences because once we put this in the law you all can do what you may have been doing because then you're going to be under this so it's all good intentions here senator I think a I think the forty acre I think we're fine just talking real close I think we're good with that the other commercial as go ahead Senator you all get with the drafting attorneys on this and all of these questions must make sure that we we have it totally nailed out because with these type of questions I think we see that there's probably more than just the acreage in something else we need to make sure of all of our commercial we need to make sure that rental of the property is you know not included or however we want to set that up you know for the in that amendment okay. Thank you. Thank you have a good discussion. We're a nation yes in and be a Paul probably in general the number of these items on the deferred she I mean deferred list are gonna have a revenue impact you have an anticipated time on when those are going to get get your zero income she's or zero teacher gonna get released. Are preparing fiscal impact that we do not anticipate to have a revenue impact and those would be Senate bill one eighty four one eighty five those are going to clarify the some procedural issues with the tax appeals commission we can certainly have those ready before the next meeting that scheduled of of this committee and they're the remaining bills that I speak to the sales and use tax exemptions all star the top and Senate bill thirty eight which is the average Repeal the throwback rule we will be finalizing that fiscal impact statement of course that is going to have a revenue impact the Senate bill eighty. One thirty three and thirty four And those are going to be released here this week we would anticipate those would certainly also have a fiscal impact associated with the bill and we just to sign Senate bill one ninety one ninety eight your your bill senator Dismang regarding the the reappraisal schedule in the law so I'm not aware of any type of revenue impact that would be associated with that particular bill so but the remaining bills that are on the deferred list that haven't had a fiscal impact statement on to state that we would have those out sometime this week. Thank you for any other questions. Seeing none we're Journal.