Bill proposes tax incentive for farmers

Farmer and rancher participation in formal conservation plans may increase if a new legislative proposal passes. House Bill 1936 – relating to tax incentives for farmers – would implement a 25 percent reduction in taxes paid by farmers for certain inputs. By incentivizing participation in conservation programs via tax cut, the bill offers a new solution to an old problem: How do state or federal agencies encourage widespread participation in conservation programs?

Under HB 1936, farmers around the state would receive a tax break on purchases of “new equipment, infrastructure, seed, seedlings, spores, animal feed, and amendments” for the previous calendar year if the farmer meets certain criteria.

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