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  • 10-09), Page 1 2009 Michigan Farmland Preservation Tax Credit Check If This Is An Amended Form

Get 10-09), Page 1 2009 Michigan Farmland Preservation Tax Credit Check If This Is An Amended Form

S or Trusts Attach supporting documents. Issued under authority of Public Act 451 of 1994. Type or print in blue or black ink. (MM-DD-YYYY) (MM-DD-YYYY) 1. Return is for calendar year 2009 or for tax year beginning: and ending: 2. Name 5. Federal Employer Identification Number (FEIN) or TR Number Doing Business As (DBA) 6. Organization Type Fiduciary S Corporation / LLC S Corporation Street Address C Corporation / LLC C Corporation City State 3. NAICS (North American Industry Class.

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(h) "Farmland" means 1 or more of the following: (i) A farm of 40 or more acres in 1 ownership, with 51% or more of the land area devoted to an agricultural use.

The landowner is entitled to claim as a Michigan Income Tax credit the amount by which the property taxes on the farmland covered by the agreement exceed 3.5 percent of the household income. This tax credit is in addition to the Homestead Property Tax Credit for which the landowner may already qualify. Farmland Preservation | Michigan Farm Bureau Family of Companies michfb.com https://.michfb.com › land-use-regulation › farmlan... michfb.com https://.michfb.com › land-use-regulation › farmlan...

You were a resident of Michigan for at least six months during the year. You own or are contracted to pay rent and occupy a Michigan homestead on which property taxes were levied. If you own your home, your taxable value is $154,400 or less. Your total household resources are $67,300 or less.

Michigan's Farmland and Open Space Preservation program (PA 116) preserves farmland and open spaces and offers tax relief to farmers who voluntarily participate in temporary farmland preservation agreements.

The qualified agricultural property exemption is decided on a parcel-by-parcel basis. To be eligible for the qualified agricultural property exemption, a structure must be a related building and must be located on a parcel that is classified agricultural or that is devoted primarily to agricultural use. Qualified Agricultural Property Exemption Guidelines michigan.gov https://.michigan.gov › Websites › taxes › MISC michigan.gov https://.michigan.gov › Websites › taxes › MISC

Seniors are entitled to a homestead property tax credit equal to up to 100% of the amount their property taxes exceed 3.5% of their income, up to $1,200. Services for Seniors - Michigan Legislature mi.gov https://.legislature.mi.gov › publications › Servicesf... mi.gov https://.legislature.mi.gov › publications › Servicesf...

Tax Credits: The landowner is entitled to claim a Michigan income tax credit equal to the amount of the property taxes on the land and improvements covered by the agreement, less 3.5% of the landowner's total household income.

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© Copyright 1997-2025
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Form Packages
Adoption
Bankruptcy
Contractors
Divorce
Home Sales
Employment
Identity Theft
Incorporation
Landlord Tenant
Living Trust
Name Change
Personal Planning
Small Business
Wills & Estates
Packages A-Z
Form Categories
Affidavits
Bankruptcy
Bill of Sale
Corporate - LLC
Divorce
Employment
Identity Theft
Internet Technology
Landlord Tenant
Living Wills
Name Change
Power of Attorney
Real Estate
Small Estates
Wills
All Forms
Forms A-Z
Form Library
Customer Service
Terms of Service
DMCA Policy
About Us
Blog
Affiliates
Contact Us
Privacy Notice
Delete My Account
Site Map
All Forms
Search all Forms
Industries
Forms in Spanish
Localized Forms
Legal Guides
Real Estate Handbook
All Guides
Prepared for You
Notarize
Incorporation services
Our Customers
For Consumers
For Small Business
For Attorneys
Our Sites
US Legal Forms
USLegal
FormsPass
pdfFiller
signNow
airSlate workflows
DocHub
Instapage
Social Media
Call us now toll free:
1-877-389-0141
As seen in:
  • USA Today logo picture
  • CBC News logo picture
  • LA Times logo picture
  • The Washington Post logo picture
  • AP logo picture
  • Forbes logo picture
© Copyright 1997-2025
airSlate Legal Forms, Inc.
3720 Flowood Dr, Flowood, Mississippi 39232