How did you determine the suggested funding options?
Agricultural assessment has been frozen since 1995. Farmland assessment is $156 Million out of the total $1.7 Billion in assessment. A way of collecting additional revenue is needed. The Municipal Government Act (MGA) has limited opportunities by which tax revenue can be collected. Working with County lawyers, the implementation of the business tax to livestock producers was determined to be the best solutions offered under the MGA.
Sample Business Tax Calculation
The business tax is calculated through a conversion of the AOPA formula to animal units. For example, a 10,000 licensed operation beef feeders 450 - 900 lbs. is converted to 5,000 animal units. The business tax will be based on 1 turnover per year. Animal units were identified as a fair comparison between livestock types and how they impact the Market Access Network.
Click the link to view the 2017 Business Tax Calculator
Animal Equivalent Units and Exemption Thresholds
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