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SB 2315 -Everything's Posted Bill
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<blockquote data-quote="Fritz the Cat" data-source="post: 245419" data-attributes="member: 605"><p>Obi,</p><p></p><p>funny you would post the Property Tax Exemption. City folk pay on their house, country folk pay on their land. Unless someone lives in the country but works in town. 51% of income reported has to come from the farm and that's gross off farm income compared to net farm. </p><p></p><p>I farmed and worked at a coal mine. So I paid on house and land forever. But then I quit the coal mine so went over to the treasurers office to let them know. Was informed the bar had been raised, now have a three look back or 3 year average. So I waited the three years. The bar was lifted again saying not more than $40,000 off farm income. I have a pension, health benefit and my wife as a janitor in town. I'm still paying both.</p><p></p><p>Now they passed a law farmers must prove their income every year. Take your 1040 to the tax assessors office so that it can be proved. Right now I believe there is some clean up in a Bill because county office personnel shouldn't be looking at everyone's income. My county got around that by hiring an attorney to look at the 1040. </p><p></p><p>Senator Dwight Cook thinks all farmers should have to pay on their house and their land. He likes these little thresholds that take little bites out of a farmers backside one increment at a time. </p><p></p><p>Dotzenrod has a Bill that would be more simple saying if 2/3rd's of income is derived from the farm then by definition you are a farmer. Essentially getting rid of all these thresholds that muddy up tax code. I believe Cook is going to try to squash Dotzenrod's Bill.</p></blockquote><p></p>
[QUOTE="Fritz the Cat, post: 245419, member: 605"] Obi, funny you would post the Property Tax Exemption. City folk pay on their house, country folk pay on their land. Unless someone lives in the country but works in town. 51% of income reported has to come from the farm and that's gross off farm income compared to net farm. I farmed and worked at a coal mine. So I paid on house and land forever. But then I quit the coal mine so went over to the treasurers office to let them know. Was informed the bar had been raised, now have a three look back or 3 year average. So I waited the three years. The bar was lifted again saying not more than $40,000 off farm income. I have a pension, health benefit and my wife as a janitor in town. I'm still paying both. Now they passed a law farmers must prove their income every year. Take your 1040 to the tax assessors office so that it can be proved. Right now I believe there is some clean up in a Bill because county office personnel shouldn't be looking at everyone's income. My county got around that by hiring an attorney to look at the 1040. Senator Dwight Cook thinks all farmers should have to pay on their house and their land. He likes these little thresholds that take little bites out of a farmers backside one increment at a time. Dotzenrod has a Bill that would be more simple saying if 2/3rd's of income is derived from the farm then by definition you are a farmer. Essentially getting rid of all these thresholds that muddy up tax code. I believe Cook is going to try to squash Dotzenrod's Bill. [/QUOTE]
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