Tax Credit for Crop Growers Bill Heading to the Governor's Desk
Friday, February 28th, 2020 -- 9:42 AM
(Wisconsin Ag Connection) -Legislation that would give crop growers a tax credit for losses due to weather damage and other calamities is on its way to the governor's office for consideration.Co-authored by Rep. Don Vruwink of Milton and Sen. Howard Marklein from Spring Green, the bipartisan measure would allow farmers to cancel out the income tax they pay on money received from insurance claims.
Supporters say the move aims to give farmers peace of mind, knowing that they can buy feed for the current season or seed for the next planting season. Gov. Tony Evers is expected to sign the bill into law.
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