Ag2 School Credit Means Tax Relief For Farmers
The 40% agricultural bond credit known as Ag2School takes effect in 2018. Owners of farm land will see the reduction in the upper right hand corner of their Truth in Taxation notices this month.This will mean a total of an estimated $120,866. of tax relief for farmers with land in the Win-E-Mac school district, according to Superintendent Randy Bruer.
The agricultural bond credit exists into perpetuity and would take an act of both bodies of the legislature and a signature by the Governor to amend or repeal the program.