Working Lands Initiative Farmland Preservation Tax Credit
The Wisconsin Working Lands Initiative provides landowners with an opportunity to claim Farmland Preservation Tax Credit on their Wisconsin income taxes.
They are available starting with the 2010 tax year.
New Tax Credit Calculation
Credits available on lands located in exclusive agricultural zoning will now be a straight $7.50 per acre. All acres in exclusive agricultural zoning are eligible. For example, on a 100 acre farm, if you have 80 acres of cropland, a house on 3 acres and 17 acres of woods, and all were covered by exclusive agricultural zoning, all 100 acres would be eligible for the tax credit and your tax credit would be $750.
There is minimum or maximum amount of acres on which the tax credit can be claimed.
Eligibility Requirements
Acres claimed must be in an exclusive agricultural zoning area as identified in the County Farmland Preservation Plan.
Claimants must have at least $6,000 in gross farm revenue in the past year or have at least $18,000 in the past three years. Rental receipts do not count as gross farm revenue however farm revenue produced by a renter on a landowner's farmland counts towards the revenue requirement.
Property taxes must be paid by the claimant
Participants must certify on their tax form that they comply with State Soil and Water Conservation Standards.
Conservation Compliance Requirements
Working Lands Initiative/Farmland Preservation Program
Farming Activity on Qualifying Acres |
Required Standards |
Grow Agricultural Crops |
Meet tolerable soil loss (T) on cropped fields |
Raise, Feed or House Livestock |
Prevent direct runoff from feedlots or stored manure into State waters |
Livestock Operators with Manure Storage (In Place or Planned) |
Maintain structures to prevent overflow |
Livestock Operations Within A Water Quality Management Area |
Do not stack manure in unconfined piles |