Qualifying land used for growing plants in containers

From the 2024 DOR Tax Exemption Study

84.34.020(2) - Qualifying land used for growing plants in containers Description In 2014, the definition of “farm and agricultural land” expanded the current use program to include qualifying land used for horticultural purposes to allow the growing of plants in containers. Purpose Supports plant nurseries that are increasingly growing plants in containers. Taxpayer ($ in millions): savings FY 2024 FY 2025 FY 2026 FY 2027 State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Repeal of Repealing a property tax exemption would not increase state revenues. A repeal exemption shifts the state property tax to the currently exempt taxpayers and reduces the tax burden of other taxpayers. A repeal may decrease the local rate and possibly result in local taxing districts at their statutory maximum rate experiencing a revenue increase. Potential ($ in millions): revenue gains FY 2024 FY 2025 FY 2026 FY 2027 from full repeal State Taxes $0.000 $0.000 $0.000 $0.000 Local Taxes $0.000 $0.000 $0.000 $0.000 Assumptions Qualifying land used for growing plants in containers is defined as farm and agricultural land, which is assessed at its current use value. This impact is