Easements for removing products

From the 2024 DOR Tax Exemption Study

82.29A.020(1)(b)(i) - Easements for removing products Description "Leasehold interest" excludes road or utility easements, rights of access, occupancy, or use granted solely for the purpose of removing materials or products purchased from a public owner or lessee. The term also excludes rights of access, occupancy, or use granted solely for the purpose of natural energy resource exploration. Purpose To minimize costs to private businesses and individuals who use public lands for these purposes. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.142 $0.144 $0.146 $0.149 Local Taxes $0.125 $0.126 $0.128 $0.130 Repeal of Repealing this exemption would increase revenues. exemption Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.108 $0.146 $0.149 Local Taxes $0.000 $0.095 $0.128 $0.130 Assumptions - This repeal takes effect July 1, 2024, and impacts nine months of collections in fiscal year 2025. - Growth rate mirrors the leasehold excise tax growth rate reflected in the Economic and Revenue Forecast Council's March 2023 forecast. - Any possible single, high-value easement granted during the sc