Posts

Owning farmland

  https://www.extension.iastate.edu/agdm/wholefarm/html/c4-07.html https://farmlaw.ces.ncsu.edu/wp-content/uploads/2021/09/HEIRS.WORKBOOK-MASTER-FINAL-160-pages.pdf?fwd=no https://www.kiplinger.com/retirement/estate-planning/604612/keeping-property-in-the-family-with-llcs-and-partnerships

Expressway-Oriented Transient Commercial Service Centers

  https://www.palmbeachpost.com/story/opinion/2012/05/07/extreme-water-sports-park-expressway/7462957007/ the new ploy is to declare the site's 111 acres an "Expressway-Oriented Transient Commercial Service Center." A small part of the land already has that existing designation, which permits services such as gas stations, hotels and restaurants that travelers need near highways. But how many drivers suddenly say to themselves, "I need to get off the road quick so I can put on water skis and be towed by a cable at 20 miles per hour across a man-made lake"? Such a water park could be a wholesome attraction. The site's owners, from Palm Beach Gardens, have been relentlessly selling it as such, along with the big RV park and indoor/outdoor skate park. But "Expressway-Oriented Transient Commercial Service Centers" are not supposed to be tourist attractions. They're supposed to reduce traffic on nearby local roads. The water park would burden those ...

Harold Jenkins

https://www.tcpalm.com/story/opinion/editorials/2016/08/05/editorial-endorsement-martin-county-commission-district-3-republican-primary/89470506/   owner of Jenkins Landscape Co. and one of the founders of Preserve Martin County, an organization committed to fighting western sprawl and supporting redevelopment areas. Jenkins said: 'It's the commission's responsibility to create an environment where business can flourish, and to encourage diverse businesses to come to this community.'

Florida Dept of Transportation I-95

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 https://www.fdot.gov/projects/i95tcmp The project limits extend from the Palm Beach/Martin County line to the Indian River/Brevard County line, Florida. The project length is approximately 71 miles. https://fdotwww.blob.core.windows.net/sitefinity/docs/default-source/i95tcmp/facility-enhancement-report-_-master_june_2020_06152020.pdf?sfvrsn=5de03aad_2

Martin County Commissioners

Sarah Heard, Anne Scott, Ed Fielding https://www.tcpalm.com/story/news/crime/martin-county/2018/01/04/martin-county-commissioner-former-commissioner-arrested-public-records-violation-charges/1006226001/ Martin County Commissioner Sarah Heard and former Commissioner Anne Scott turned themselves in to the Martin County Jail on Thursday as they face new charges of public records violations. Commissioner Ed Fielding also faces criminal charges. He was arrested in November. https://archive.tcpalm.com/news/donna-melzer-legal-penalties-could-undermine-the-martin-county-difference-ep-379510354-342483201.html/ In 2006, the Expressway amendment authorized urban development at all four corners of the Interstate 95 and Bridge Road intersection. The amendment was repealed because of our challenge. Taxpayer road dollars were saved. Extreme Sports was rejected in 2012. https://theguardiansofmartincounty.com/chapter-10-win-deo-says-amendment-in-compliance/ The amendment: — eliminates the Expressway Or...

IRS Revenue Ruling 2023-2

 https://www.reuters.com/legal/transactional/irs-confirms-that-completed-gifts-grantor-trusts-are-not-eligible-section-1014-2023-06-21/ An irrevocable "grantor trust" is an anomaly under the Code. A "grantor trust" is not recognized as a separate taxpayer for income tax purposes during the lifetime of the creator (commonly referred to as the "grantor" or the "settlor"). All income earned during the grantor's lifetime is reported on the grantor's individual income tax returns. Yet, if the grantor trust is irrevocable, and if the transfers to the trust are deemed to be completed gifts, then upon the death of the grantor, the assets of the grantor trust are not included in the taxable estate of the grantor for estate tax purposes. So, a grantor trust is deemed to be owned by a grantor for income tax purposes, but not for estate tax purposes: thus, the uncertainty over the eligibility of the grantor trust assets for the Code Section 1014 basi...

Martin County Property Taxes

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 One source says: "Martin County collects, on average, 0.91% of a property's assessed fair market value as property tax." How did that work out in 2022 for us? There are 12 taxing authorities and the total millage was 16.6216 Total Ad Valorem taxes $916.28 Assessed value was $96,119 Exemptions were $25,000 or $50,000 depending on the Taxing Authority. In general, school district assessments only allowed $25,000 and non-school assessments allowed $50,000. The actual net percentage tax was 916.28/96119 = 0.95%