Treasury is reviewing the recently enacted tax law changes, including the new Marijuana Wholesale Tax. Developing clear and accurate information for tax stakeholders is our top priority. This guidance will be posted to our website in the coming weeks.
What property taxes may be claimed on a farmland preservation tax credit?
Property taxes levied in the year of the claim on land enrolled in a farmland development rights agreement (FDRA) with the Michigan Department of Agriculture and Rural Development (MDARD) may be claimed for the farmland preservation tax credit.