183ka

    On the printed bill, delete everything after the enacting clause and insert:

"
    Section 1. That chapter 10-6 be amended by adding a NEW SECTION to read:

    Any agricultural land that meets the requirements under section 2 of this Act is specifically classified for the purpose of taxation as a shelterbelt. The shelterbelt shall be assessed at sixty percent of its agricultural income value as determined by §§ 10-6-33.28 to 10-6-33.34, inclusive.

    Section 2. That chapter 10-6 be amended by adding a NEW SECTION to read:

    Agricultural land shall be classified as a shelterbelt under section 1 of this Act, if it meets the following criteria:

            (1)    The agricultural land consists of planted trees and shrubs;

            (2)    The agricultural land is not grazed at any time throughout the year; and

            (3)    The landowner files a verified application with the director of equalization of the county where the agricultural property is located, verifying that the criteria of this section has been met.

    The application shall include a legal description of the parcel where the shelterbelt is located, all necessary documentation including maps and acre totals, and any other information required by the director of equalization to determine eligibility. The application shall be filed annually with the director of equalization before October sixteenth. If the director of equalization determines that the agricultural land meets the criteria provided by this section, the land shall be assessed under section 1 of this Act on November first. The application shall be in a form as prescribed by the secretary of revenue.

    Section 3. That chapter 10-6 be amended by adding a NEW SECTION to read:

    Any person who requests that agricultural land be categorized as a shelterbelt under this Act and intentionally misrepresents any fact as to the qualification of the land as a shelterbelt shall be assessed a penalty equal to two dollars per thousand dollars of taxable valuation on the land. The assessment shall become a lien on the property pursuant to § 10-21-33. When assessing the penalty imposed by this section, the taxable valuation of the land shall be based on the agricultural income value of the land."