Alaska HB323 modifies farm and agricultural land assessments by changing application deadlines and requirements.

Alaska HB323 revises the application process for farm use classification on agricultural land. Owners must apply by May 15 each year, including details from an Internal Revenue Service Schedule F (Form 1040). If the land is leased, the lease must be submitted with the application. The bill also specifies that "farm use" includes producing crops, fruits, flowers, livestock, or other agricultural products for human or animal consumption. It excludes land used for marijuana production. The changes take effect immediately.

Alaska HB323 modifies farm and agricultural land assessments by changing application deadlines and requirements.

Alaska HB323 revises the application process for farm use classification on agricultural land. Owners must apply by May 15 each year, including details from an Internal Revenue Service Schedule F (Form 1040). If the land is leased, the lease must be submitted with the application. The bill also specifies that "farm use" includes producing crops, fruits, flowers, livestock, or other agricultural products for human or animal consumption. It excludes land used for marijuana production. The changes take effect immediately.