theatlantic: America’s Dumbest Tax Loophole: The Florida Rent-a-Cow Scam “Oh look, there they are!” my mother said, swerving the car a bit as she pointed to the side of the road. “The rent-a-cows!” And indeed, there they were, a tiny herd of cattle — maybe a half-dozen of them, from what I could see — marooned in a wide, fenced-in field of grass off the highway, like the last, cud-chewing remnants of a long-vanished family farm. Perhaps they would’ve seemed less out of place if we weren’t just a few minutes away from Medical City, the University of Central Florida’s sprawling new campus of hospitals and teaching facilities that’s becoming a magnet for Orlando-area developers. Its gleaming new VA hospital loomed ahead.  My mother had been talking about the rent-a-cows since she had begun house-hunting in the area a couple of months before. It was a tax thing, she explained one day. You could rent a cow, put it in your yard, and get a property tax break. I took the story with a grain of salt. Zoe had spent the last four decades of her life living in New York City before moving to Florida for a job at UCF’s medical school. I assumed something had just gotten lost in translation.  No. Sadly, my mother was basically right. It’s known as Florida’s greenbelt law. The statute is meant to preserve farmland by taxing it at special, low rate. But some of the act’s biggest beneficiaries are deep-pocketed developers, who often take advantage of it by literally renting cows. […] The total cost of these abuses isn’t clear, but there are hints that it may be significant. According to a 2006 Associated Press article, the law costs Florida $950 million a year total. Some of the breaks go to legitimate commercial farms. But according to the Herald’s 2005 investigation, more than two-thirds of the loophole’s top 60 beneficiaries in South Florida weren’t farmers.  “This thing’s a game. Always has been since I’ve been here,” one cattle rancher told the paper.  Read more.  Indifferent cow don’t care.

theatlantic:

America’s Dumbest Tax Loophole: The Florida Rent-a-Cow Scam

“Oh look, there they are!” my mother said, swerving the car a bit as she pointed to the side of the road. “The rent-a-cows!”

And indeed, there they were, a tiny herd of cattle — maybe a half-dozen of them, from what I could see — marooned in a wide, fenced-in field of grass off the highway, like the last, cud-chewing remnants of a long-vanished family farm. Perhaps they would’ve seemed less out of place if we weren’t just a few minutes away from Medical City, the University of Central Florida’s sprawling new campus of hospitals and teaching facilities that’s becoming a magnet for Orlando-area developers. Its gleaming new VA hospital loomed ahead. 

My mother had been talking about the rent-a-cows since she had begun house-hunting in the area a couple of months before. It was a tax thing, she explained one day. You could rent a cow, put it in your yard, and get a property tax break. I took the story with a grain of salt. Zoe had spent the last four decades of her life living in New York City before moving to Florida for a job at UCF’s medical school. I assumed something had just gotten lost in translation. 

No. Sadly, my mother was basically right.

It’s known as Florida’s greenbelt law. The statute is meant to preserve farmland by taxing it at special, low rate. But some of the act’s biggest beneficiaries are deep-pocketed developers, who often take advantage of it by literally renting cows. […]

The total cost of these abuses isn’t clear, but there are hints that it may be significant. According to a 2006 Associated Press article, the law costs Florida $950 million a year total. Some of the breaks go to legitimate commercial farms. But according to the Herald’s 2005 investigation, more than two-thirds of the loophole’s top 60 beneficiaries in South Florida weren’t farmers. 

“This thing’s a game. Always has been since I’ve been here,” one cattle rancher told the paper. 

Read more. 

Indifferent cow don’t care.

Apr. 17 2012
Via The Atlantic
73 notes

Notes

  1. andersonjheinz reblogged this from flavorpill and added:
    i’m just a girl.
  2. srirachaeverything reblogged this from theatlantic
  3. logicianmagician reblogged this from theatlantic and added:
    Fucking Florida *sigh*
  4. hannnahdavid reblogged this from theatlantic
  5. protodad reblogged this from theatlantic
  6. thewindblowssouth said: It’s absolutely ridiculous. I live near a plot that has both cows and horses… in the middle suburbs near Fort Lauderdale! It’s awkward and the smell is awful. WTF Florida lawmakers?
  7. journowifelife reblogged this from theatlantic and added:
    Super interesting.
  8. sosanguine said: Another example of one of our brilliant laws here in Florida.
  9. inlikewiththecity reblogged this from theatlantic and added:
    This is a thing, and I remember seeing it all over South Florida when I lived down there. Small lots with cows in them...
  10. meotherwise reblogged this from theatlantic
  11. onlywhattheyseem reblogged this from theatlantic and added:
    WTF Florida??
  12. nomoretexasgovernorsforpresident reblogged this from flavorpill and added:
    I’m surprised we don’t have this in Texas. theatlantic:
  13. embermadrone reblogged this from flavorpill
  14. nonamenoslogan reblogged this from flavorpill
  15. anonymous-anomaly reblogged this from theatlantic
  16. moijojojo reblogged this from flavorpill
  17. cosmicscripts reblogged this from flavorpill
  18. contemplatingchicken reblogged this from flavorpill and added:
    Note to self: Productive tax structure is something I wish to learn much more about.
  19. rainbow-guppie reblogged this from theatlantic and added:
    Showing this to my world history teacher.
  20. cwnerd12 reblogged this from flavorpill and added:
    OMG RENT-A-COWS, I NEVER KNEW THEY HAD A NAME. Yes, as a Floridian, I can tell you, this IS a thing that I see every...
  21. whereinthehellisnowherenow reblogged this from officefordesignoperations
  22. helenmarieb reblogged this from flavorpill