Connecticut Farm Land Lease
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How to fill out Farm Land Lease?
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FAQ
All farmers must file a Personal Property Declaration Form with the assessor (Form M-15 or town may have their own form) listing all taxable personal property they own in order to claim any farm exemptions. C.G.S.
Farm ? The IRC uses the word ?farm? in several places but the main definition states that a farm ?includes stock, dairy, poultry, fruit, fur-bearing animal, and truck farms, plantations, ranches, nurseries, ranges, greenhouses or other similar structures used primarily for the raising of agricultural or horticultural ...
A frequently asked question is "How much farmland do I need to qualify?" The state law sets no minimum for farmland. Some towns offer the PA 490 Open Space classification as a municipal option and can set minimum acreages for open space.
Pursuant to Connecticut General Statutes 12-107b Subdivision (1) The term "farm land" means any tract or tracts of land, including woodland and wasteland, constituting a farm unit. Farm applicants will be evaluated on the following criteria.
In order to qualify for the sales tax exemption, a farmer must first apply with the Department of Revenue Service (DRS) by filing Form REG 8 . The form must be forwarded to Taxpayer Services at DRS for review. The application is then either approved or denied.
To obtain a NEW Farm Registration, a CONNECTICUT REGISTRATION AND TITLE APPLICATION (Form H-13B) must be completed, signed and submitted with the required fees. A Connecticut Insurance card on the vehicle is required.
The average age of principal farm operators in Connecticut is 58 years old and many of these farmers are looking to transition their farm operations to new ownership.
To obtain a NEW Farm Registration, a CONNECTICUT REGISTRATION AND TITLE APPLICATION (Form H-13B) must be completed, signed and submitted with the required fees. A Connecticut Insurance card on the vehicle is required.
