What is the Farmland Preservation Credit?
The Farmland Preservation Tax Credit gives a share of the property tax paid on farmland back to farmland owners. Farmland owners qualify for credit by agreeing to keep the land as farmland and not develop it for another use.
NOTE: This form must be filed with the Michigan Business Tax Annual Return (Form 4567). Unlike some earlier years, Form 4594 cannot be filed as a stand-alone document.
Farmland Preservation Credit Qualifications
You qualify if you meet all of these requirements:
• Taxpayer must own farmland, and
• Taxpayer must have entered into a Farmland Development Rights Agreement (FDRA) with the Michigan Department of Agriculture (MDA).
If agreements were entered into on or after January 1, 1978, the gross receipts qualifications in Part 1 must be met.
MI 4594 Instructions