Urban Farmers May Get a Tax Break in Salt Lake City

Salt Lake City proposes a new bill that will give city farmers a tax break.

By Colleen Supan
Urban Farm Magazine
February 17, 2012

Excerpt:

Urban farmers in Salt Lake City, Utah, might soon be receiving tax breaks on their property. SB22, the measure that will allow this to happen, was sent to the House, thanks to a 29-0 Senate vote. The bill will allow for breaks to residents who grow food on lots that are at least 2 acres.

At this time, most urban-farming lots are not big enough to qualify for reductions that larger agricultural companies receive. These reductions are part of the Greenbelt Act, also known as the Farmland Assessment Act, which qualifies agricultural property to be taxed based on its productive capability instead of the market value. The lot must be 5 adjoining acres large.

Read the complete article here.