WISCONSIN (WTAQ) — Lawmakers on Wisconsin’s agriculture committees are looking to pass a piece of the state’s projected $7 billion surplus along to farmers.
It’s a bipartisan effort as the state Assembly’s Agriculture Committee suggests expanding tax credits to support farmers in the 2023-25 budget. The committee’s chair, Cuba City representative Travis Tranel, says he’s looking to expand the Use-Value tax credit, which assesses farm property taxes on production rather than the value of the land itself.
“We would look at people who are actually involved in farm production, farming in the state of Wisconsin, paying quite a decent amount of property tax on their ag infrastructure, and we would like to give a certain percentage of that back to them.”
Tranel says the change would benefit farmers who lease their land, but own the structures on their property.
