Nonprofit corporation exemption under the corporate farm law modified.
Introduction and first reading, referred to Agriculture Finance and Policy
Summary
The measure updates the legal definitions used in the corporate farm law, including what counts as farming, family farms, and various farm‑related corporations and trusts. By redefining these terms, it narrows or expands which nonprofit corporations can claim the exemption. The change aims to clarify eligibility and ensure the exemption applies only to entities that truly operate as family farms.
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