Wyoming Legislature considers tax breaks for beekeepers
Wyoming lawmakers are considering making beekeeping a bit sweeter by offering tax breaks for beekeepers.
The Sheridan Press reports that the Joint Agriculture, State and Public Lands, and Water Resources Interim Committee is considering a bill that would allow beekeepers to designate their land as agricultural land under the state's revenue codes. By switching the designation, beekeepers would get the same tax breaks currently available to farmers and ranchers.
If the incentive were allowed, beekeepers with a five-acre parcel of land with a fair market value of $5,000 per acre would pay $60 in taxes if the property were used for irrigated cropland or just $10 for dry cropland. Residential land of the same value would have a $163 tax bill.
The bill is being drafted and the committee will consider it at its September meeting.