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Kentucky Selling Farmer Tax Credit (KSFTC)
Kentucky — state programup to 5% of the sale price of qualifying agricultural assets, subject to annual and lifetime tax credit caps
Encourages continued use of agricultural land for farming by granting tax credits to selling farmers who agree to sell agricultural land and assets to eligible buyers who will continue using the land for farming operations.
Program details
- Type
- tax-credit
- Amount
- up to 5% of the sale price of qualifying agricultural assets, subject to annual and lifetime tax credit caps
- Eligibility
- Farmers wanting to sell agricultural land and assets to eligible buyers who will continue using the land for farming operations
- Administrator
- Kentucky Cabinet for Economic Development
Source: Kentucky — state program. Confirm current terms with the administering agency before applying.