In a previous Tax Talks blog article, we talked about energy credits. An energy credit not discussed is the Production Tax Credit (PTC) under Internal Revenue Code (IRC) section 45Z. This credit incentivizes the domestic production of sustainable transportation fuels, such as those that may be generated by an on-farm biomass digester, offering a per gallon tax credit for qualified fuels produced by the taxpayer and sold to an unrelated person.
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New York Farm Employer Overtime Credit – Advance Application Opens July 1
In December 2023, we shared to important Tax Talks blog articles on the New York Employer Overtime Credit. The time to apply for an advance of the credit is fast approaching with NYS Ag and Markets opening the application on July 1, 2024.
July 2, 2024
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Tax Talks
Farmers Find Relief in New York State Budget
New York Governor Kathy Hochul approved the Fiscal Year 2023 budget, which included some key tax provisions for the state’s farmers. In today's Tax Talk, Senior Tax Consultant, Dario Arezzo goes over three tax credits included in the 2023 budget.
April 26, 2022
Tax Talks
New York State Labor Credit Proposals
Labor costs remain a concern for agricultural producers in New York State. In today's Tax Talks, Senior Tax Consultant, Dario Arezzo outlines three tax credit proposals that may provide some relief from the high cost of labor. Two of them are existing credits that could be enhanced, while the other would be a new credit.
February 24, 2022
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