Applications Now Accepted for Beginning Farmer Tax Credits
Applications are now being accepted for a tax credit program intended to support Pennsylvania’s agriculture industry by helping new farmers get established, according to Senator Elder Vogel, who authored the legislation that created the initiative. The Beginning Farmer Tax Credit Program created by Senator Vogel’s measure, Senate Bill 478 (Act 65 of 2019), provides an incentive to landowners who lease or sell their land, buildings and equipment to beginning farmers. Landowners will receive a one-time personal income tax credit for the sale or a multi-year lease of property. The legislation requires all leases be enforced through written agreements and that…