Help Needed: The Single Business Tax (SBT) Agricultural Exemption

Posted by Ed Kisscorni at 6/30/2008 8:36 PM and is filed under uncategorized

The agricultural exemption has been in the Single Business Tax Act (SBTA) since 1978.  However, just recently the Department of Treasury (Treasury) has been disallowing the exemption where the agricultural business is broken-up into several different entities.  They are not allowing separate entities that hold farm real estate or process grain for livestock to benefit from the exemption as they would if included in a single entity.

Does anyone have any experience with this situation? 

How do you argue it with Treasury? 

Please send a comment.

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