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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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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Climate change is front and center on policymakers’ agendas both with the Biden Administration and the 117th Congress. As highlighted in our Stewards of the Land series, Northeast farm, forest products and fishing businesses are using a variety of new and existing strategies to reduce their carbon footprint and protect the environment.
September 14, 2021
In our final installment of Stewards of the Land, we travel to Bordentown, N.J., to Sunset Farmstead — a sustainable nursery operation focused on growing native plants for pollinators and effective soil management.
September 07, 2021
Today our Stewards of the Land series takes us to a Western New York dairy farm. Noblehurst Farms is a 1,850-cow dairy with 3,000 crop acres, and their most recent iteration in a long history of environmental stewardship was the installation of an anaerobic digester.
August 17, 2021
Today begins a four-part series highlighting Northeast agricultural producers who have implemented various practices to benefit the environment. We’ll kick off the series at Russell Orchards Farm Store and Winery, a 120-acre fruit and vegetable farm in Ipswich, Massachusetts.
August 10, 2021