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 Form LB183 'Place in Service Report' Michigan 2020-2025

2020-2025 Form

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Instructions and help about Form LB183 'Place In Service Report' Michigan

Well, it's a program that was established in 1974. A law was passed called PA 116 of 1974, and it created a situation where landowners can preserve their farmland by entering into an agreement with the State of Michigan, that's temporary, and when they entered into that agreement there agreed not to develop their land. In exchange for doing that, they can receive a tax credit through their state income tax and they're exempt from various special assessments, associated with development. And currently in the program we have forty-two thousand of these farmland agreements and they're protecting over three point two million acres of Michigan's agricultural land. Well there's been quite a bit of discussion out in the countryside about the possibility that the program may be ended or eliminated. And I can tell you that that has not happened and no legislation has been passed to take the program away. So currently the program is operating as it

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