Tranel Looks To Expand Use-Value Tax Credit

It’s a bipartisan effort as the state Assembly’s Agriculture Committee suggests expanding tax credits to support farmers in the 2023-25 budget. The committee’s chair, Representative Travis Tranel of Cuba City says he’s looking to expand the Use-Value tax credit, which assesses farm property taxes on production rather than the value of the land itself. Tranel says, “We would look at people who are actually involved in farm production, farming in the state of Wisconsin, paying quite a decent amount of property tax on their ag infrastructure, and we would like to give a certain percentage of that back to them.”  Tranel says the change would benefit farmers who lease their land, but own the structures on their property.