What are the major differences between Schedules FC and FC-A?
Category Schedule FC Schedule FC-A Qualifications: • Claimant must be subject to a farmland preservation agreement entered into prior to July 1, 2009 • Claimant must have an ownership interest in a farm that is covered by a farmland preservation agreement entered into on or after July 1, 2009, or located in a farmland preservation zoning district • The 2009 property taxes for the property on which the claim is based must have been paid in full • The claimant must have paid or be legally responsible for paying the 2010 property taxes levied against the qualifying acres to which the claim relates • The claim must be based on at least 35 acres of farmland • No minimum acreage requirement • Claimant must be in compliance with soil and water conservation plans and standards at the time the claim is filed • Claimant must be in compliance with soil and water conservation plans and standards as of the end of the taxable year to which the claim relates Credit Computation: • Credit is a percenta
