Committees Move Ag Easement Bills
On May 6, two agricultural easement bills moved through committee:
- The House Local Government Committee reported out House Bill 859 (Staats-R-Bucks) excluding from tax a transfer of a perpetual agricultural conservation easement as defined by the Agricultural Area Security Law.
- The Senate Finance Committee reported Senate Bill 556 (McIlhinney-R-Bucks) which excludes from the Real Estate Transfer Tax a conservation easement in perpetuity having as its purpose preservation of open or agricultural land to the S., Commonwealth of PA, or to a 501( c)(3) organization which has as its purpose land preservation.