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Are any withdrawals from the FCL program exempt from a withdrawal tax?

April 26, 2017exempt FCL program tax withdrawal withdrawals

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Are any withdrawals from the FCL program exempt from a withdrawal tax?

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There is one situation in which withdrawal from the FCL program is exempt from a withdrawal tax: land sold to the federal, state, or local government for use as a public road, railroad, utility right-of-way, park, recreational trail, wildlife or fish habitat area, or a public forest. The new owner of the land must file a Declaration of Withdrawal Exempt form to withdraw land sold for these purposes.