February 09, 2018
By Jeff Helms
Legislation clarifying available tax credits for farmers investing in on-farm irrigation passed the House Agriculture and Forestry Committee Wednesday.
HB 260 by Rep. Donnie Chesteen, R-Geneva, specifies Alabama’s current irrigation tax credit applies to the purchase and installation of one qualified irrigation system or reservoir per taxpayer. It also clarifies that an eligible farmer may claim one credit during 2011-2017 and another during 2018-22.
Current law caps credit for the 2011-17 program at $10,000 and $50,000 for tax years 2018-22.