Kansas Considers Modifying Agriculture Tax Policy
Associated Press - Tue 06:57 PM 03/05/2013
Kansas officials are supporting a bill before the Legislature aimed at increasing investment in agriculture production.
Kansas officials are supporting a bill before the Legislature aimed at increasing investment in agriculture production, including more dairy and poultry operations.
Republican Gov. Sam Brownback and his administration are seeking changes in tax policy that would give more than $10 million in sales tax exemptions and corporate income tax credits to large firms involved in animal agriculture.
The bill includes retroactive clauses that would allow businesses to get credit for investments made in 2012.
Some lawmakers told the Topeka Capital-Journal that they have concerns the bill doesn't follow the spirit of the High Performance Incentive Program that was created to encourage future business expansion.
Agriculture associations back the legislation. They say it makes the state's business policies more inclusive and will attract new investment in Kansas.
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(Information from: The Topeka Capital-Journal, http://www.cjonline.com)
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kshopegirl72
Wednesday 6 March 2013 06:45 Report this comment
Thanks for your support of the SMALL FAMILY FARMS, Sam... More breaks for large corporate farms. Spot on for Gov. Brownback.
Holycow
Thursday 7 March 2013 08:26 Report this comment
Who can afford to buy hay to feed. Most guys are getting rid of what they have because ponds are dry, pastures are bare, and alfalfa isn't getting rain. You can make more money selling what hay you do have instead of feeding it yourself.