TAXES: New Multi-Use Subclassification for Farms
We want producers to be aware of the 0600-12 Multi-Use Subclassification.
In a nut shell, this proposal wants to change the classification of farm/agriculture businesses to be reclassified as commercial. IF this passes it will increase the tax rate for farms by 60%, yes, a 60% tax hike!
Please read through the linked notice; and if you wish, please contact your local and state representatives about this bill.