Expanded Exemptions for Farmers announced in Wisconsin

Silviculture, defined as the business of raising trees for timber, lumber and other wood products, including the logging of timber when it is performed, now qualifies for tax exemption because of a new expanded definition of farming. Tractors, machines, other equipment, directly used in the business of farming would be tax exempt. This exemption became effective July 1, 2007. (Tax Release, Wisconsin Department of Revenue, July 2007)

Posted on January 4, 2008