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This conversion was to be done within a certain proximity to metropolitan cities that maintain existing farming that would fall threat to residential intrusion. [9] Outside of metropolitan areas, there was a push to adopt agricultural zoning for farmland in rural areas.
In 2014, the Indiana state legislature passed a law that cut the corporate income tax from 8.50% in 2014 to 6.25% in 2016, with further decreases to be phased in until the rate falls to 4.9% in 2022. [5] Indiana is the only state that imposes corporate income taxes based on fiscal year instead of calendar year.
The legal description of a 2.5-acre (10,000 m 2) property under the Lot and Block system may be something like; Lot 5 of Block 2 of the South Subdivision plat as recorded in Map Book 21, Page 33 at the Recorder of Deeds.
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Apr. 19—HUBER HEIGHTS — A developer has plans to construct a subdivision of 197 townhome apartments, along with five commercial outlots, on a parcel of farmland on Executive Boulevard in Huber ...
More recently there have been attempts to promote land consolidation in developing countries. Approaches used include increasing the average size of farms into viable commercial units through sale or lease; consolidation to reduce fragmentation of smallholder plots; and cooperative farming, where farmers retain ownership of their land but farm it jointly.
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related to: converting farmlands to subdivision property prices in indiana