Not income taxes, but the Connecticut has several thresholds for eligibility for various farm "perks."
Simplified: -- $2,500 in gross sales gets you Farm Plates for motor vehicles and eligibility for a Sales & Use Tax Exempt Permit for purchases related to the farm. -- $15,000 in revenue or expenses gets an property tax exemption for $100,000 of machinery and $100,000 of buildings if the town adopts an ordinance to grant such exemptions. -- Farm land is assessed at a lower rate, and you need some revenue to claim it, however no specific dollar amount is attached to the eligibility. You file a form listing the properties and the gross farm revenue with the local assessor and they make the determination of eligibility. My guess is if you're over $2,500 it shouldn't be an issue what so ever, if you're under $2,500 the assessor can argue with you whether it's a commercial farm or a hobby use.
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Today's Featured Article - Show Coverage: Godfrey, Illinois Country Days - by Cindy Ladage. Except for last fourth of July's Old Gold show in Springfield, Illinois, I don't remember when it was so hot. Nevertheless, the heat didn't keep vendors and visitors alike from enjoying the third annual Country Day's Event. Jane Elliott said the event was originally a one man show. "Barry Seiler, owner of Country Town Farm Supply store used to invite people up to the Johne Deere store. He would give hats and a free meal for everyone that brings a tractor." Elliott said while this
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