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Farm Use Tax Deferrment

NOTE: To qualify for AS 29.45.060 (see full statute on page 3 of the Assessment Application) farm land and farm structures must be used exclusively for farming activity, or purposes directly related to farm activity. The farm land or structure must be owned or leased by a person who is actively engaged in farming, and owner or lessee must sell at least $2,500 of agricultural products produced from the land during the tax year and file a IRS Schedule F(Form 1040). • "Farm use" means the use of land for production of crops, fruits, or other agricultural products for human or animal consumption or for the sustenance or grazing of livestock. • "Livestock" includes cattle, hogs, sheep, goats, chickens, turkeys, pigeons, and other poultry raised to provide meat or other products for human consumption.