The tax on land zoned for residential development aimed to reduce speculation and increase housing, but farmers expressed concerns about being overly burdened by the tax.
Finance Minister Jack Chambers deferred the tax on residentially zoned land for a year after discussions about its impact on farmers, reflecting a key political calculation.
In addressing the backlash from farmers, the government plans to revise legislation to permanently exclude active farmers from the residential land tax.
The ultimate goal is to balance housing development with the interests of farmers, ensuring they are not disproportionately affected by zoning decisions.
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