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Laws

Wisconsin Beginning Farmer and Farm Asset Owner Tax Credit Statute

This law authorizes Beginning Farmer and Farm Asset Owner tax credits in Wisconsin.  The Beginning Farmer credit is is equal to the amount paid by the beginning farmer to enroll in a financial management program. The maximum credit is $500 and the credit is available on a one-time basis.  The Farm Asset Owner credit is equal to 15 percent of the lease amount received by the established farmer. The established farmer may only claim the credit for the first three years of any lease of the agricultural assets to a beginning farmer.

 

No credit may be claimed for taxable years beginning after December 31, 2013.

Downloadable Documents
Authority Type
Statutes and Ordinances
State
Wisconsin
Level of Government
State
Law Type
State Laws
Keywords
Agricultural Economic Development, Beginning Farmer Tax Credit, Beginning Farmers, Personal Property Tax Relief
Citation
Wis. Stat. Ann. § 93.53 (2013).

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