Farmers gain from new tax law for conservation costs
Washington reports Congress overhauled the tax system benefiting farmers with a ten million dollar deduction related to soil and water conservation practices. The measure allows deductions up to 25 percent of income from crops and livestock, with special districts and capitalizing expenses details outlined for future implementation.
MENTIONED IN THIS ARTICLE
Thomas J. Foley
Washington
INS
Congress
Agriculture Department
Sion
Farmers benefit from new depreciation provision
The article explains a tax provision allowing farmers to deduct more for depreciation of their equipment and buildings during early years of use. The change reduces the usual tax on sale and broadens the deduction, with details to follow in tomorrow's report.
MENTIONED IN THIS ARTICLE
the Daily Review
Sect of Tomorrows
Also Mentioned on This Page
Freeman
Jackson St
14Th St
Morrell
Idaho
Tastr
Economica
Somrana
Pillsbury
Tuttle’s Cottage Cheese
Borden
Westons
Pkys
ANGEL
Rould
Tastewell Dill Pickles
California
del Monte Gatsup
Sai
LOE
PKS
BAR Hone Bos Food
Durkee
Sosa
Hollywood
Wan
Niblets
Skeo Prigp
Uncle Ben
Starkist
Lower
Castro ST
E’st
Decoto
Newark
Cauf
Elta
Gorton
Elberta
U.S. No. 1
United Trading Stamps
Mamma
Daddy
Don Harder
Ae Ish
Main ST