MN Senate Tax Bill Boosts Ag Homestead Credit

The tax bill released by the Minnesota Senate has provisions that support agriculture. “Legislators continue to improve Minnesota’s Ag Homestead Tax Credit this year,” said Minnesota Farmers Union Government Relations Director Stu Lourey. “With the leadership of Senator (Aric) Putnam, we made a fix to ensure that farmers who are farming on small acreages can qualify for the Ag Homestead Tax Credit.”  The tax bill also increases funding for soil and water conservation districts. “Those are our on-the-ground partners for conservation efforts and for accessing federal programs. This local government aid style program will really help bolster their efforts. Chair (Samuel) Rask’s bill also pilots a $5 per-acre tax credit for participation in the Ag Water Quality Certification Program in the eight counties in southeast Minnesota.”