Indiana Department of Revenue crushes Farmer’s request to exempt purchases of gravel from sales tax

Indiana Department of Revenue crushes Farmer’s request to exempt purchases of gravel from sales tax

An Indiana Farmer raised calves for food consumption, and he produced hay on his property to feed the calves.  Farmer purchased gravel “as a base for round hay bale feeders, which are used in the feeding process for Taxpayer's calves.”  He claimed that his purchases were exempt under Ind. Code § 6-2.5-5-1 as … [Read more...]

Not Farmed, but Indiana Developer’s Vacant Land Assessed for Agricultural Use

Not Farmed, but Indiana Developer’s Vacant Land Assessed for Agricultural Use

Indiana encourages the development of farmland through a "developer's discount," whereby a developer can purchase the land, hold it for future development, and continue to pay property taxes based on the typically much lower base rate assigned to agricultural land.  On Friday, the Tax Court affirmed that the … [Read more...]