Opinion No. (2002)

REQUESTED BY: Dale Pohlmann, President, Beginning Farmer Tax Credit Board of Directors You have requested an opinion regarding the availability of tax credits to persons who own an interest in farm real estate. In particular, you inquire whether a tax credit can be given on an applicant's undivided 50% interest in jointly owned agricultural land, even though the other land owner is not applying for a tax credit on the jointly owned property. Restated, you want our office to determine if the Beginning Farmer Tax Credit Act, Neb. Rev. Stat. § 77-5201 et seq., (Cum. Supp. 2000) (hereinafter "the…