The Farmland Preservation state income tax credit is for landowners whose entire farm is meeting the conservation standards set by the State of Wisconsin. Many farms already meet most of the requirements. Call us to determine what you need to do (608-754-6617 ext. 4758).
Claimants must meet the requirements for Wisconsin residency, gross farm revenue, Wisconsin conservation standards and the land must be in a Farmland Preservation district or agreement below.
Enrollment starts by applying to the Rock County Land Conservation Department. Upon successful enrollment, fees to Rock County Land Conservation are $15 + $0.50/acre per farm per year.
Claimants for land in Rock County must file Schedule FC-A with their Wisconsin income tax and have a valid Certificate of Compliance issued by Rock County Land Conservation Department. Tax credits are applied against tax liability. There is no cap on credits. The gross farm revenue requirement (excluding rent) is at least $6,000 in the past year or $18,000 over the past three years.
- $7.50/acre for land zoned for farmland preservation. (In these areas, the certified zoning allows landowners to participate and not have to sign a separate agreement).
- $10.00/acre for land zoned for farmland preservation AND in an Agricultural Enterprise Area AND the landowner has a farmland preservation agreement signed after July 1, 2009.
- $5.00/acre for agreement only signed after July 1, 2009 and located in an Agricultural Enterprise Area with no FP zoning. (Note: there are no pre-2009 agreements in Rock County.)
- Farmland Preservation state income tax credit requirements
- Can I claim? (quick check list)
Wisconsin conservation standards [pdf]. The goals of the standards are to keep soil and nutrients where they can be used by crops and out of streams, lakes, and groundwater. Call us to find to what applies to your farm operation. Briefly, the standards cover: