Ag versus Wildlife exemption

   / Ag versus Wildlife exemption #1  

Jlblake

Silver Member
Joined
Dec 1, 2019
Messages
174
Location
Marquez, Texas
Tractor
John Deere 2030 Diesel
Good morning -

The land I am buying has an ag exemption for goats that are raised on the land. I may or may not keep the goats so I'm considering transferring to a wildlife exemption. My question has to do with the benefits. My understanding is that for property tax valuation purposes, the two exemptions are identical. However, what about for sales tax exemption purposes? I know I don't have to pay tax for supplies and equipment under the ag exmption. Is the same true with the wildlife exemption?

Thanks!
 
   / Ag versus Wildlife exemption #2  
Property tax and sales tax are local and state taxes......where are you at?
 
   / Ag versus Wildlife exemption
  • Thread Starter
#3  
Marquez, Texas.
 
   / Ag versus Wildlife exemption #5  
Do you need live stock to qualify for the Ag exemption? Would a small plot of row crops, or hay qualify?

Dave
 
   / Ag versus Wildlife exemption #6  
I would suggest talking to a tax accountant. I always thought sales tax exemptions were for people running an actual agricultural business.

I know the taxman can get touchy regarding equestrian businesses that chronically fail to show a profit. Some people just make up a "business" so they can write off hobby expenses.
 
   / Ag versus Wildlife exemption
  • Thread Starter
#7  
Do you need live stock to qualify for the Ag exemption? Would a small plot of row crops, or hay qualify?

Dave

I have goats that I am going to try to keep. I just need to barter with someone in the area to help me keep an eye on them. I think I found someone already!
 
   / Ag versus Wildlife exemption
  • Thread Starter
#8  
   / Ag versus Wildlife exemption #9  
It likely varies from state to state, but read the fine print.
You may have to show an average gross sales of $xx to qualify for an ag exemption, among other qualifications (acreage, etc..).

In NY, having an ag exemption also has benefits when it comes to registering vehicles that don't require annual inspections (but are limited in use).
 
   / Ag versus Wildlife exemption
  • Thread Starter
#10  
so there is a sales tax exemption and a property tax exemption evidently. Is there anything else? Thanks
 

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