REAP Farm Conservation Tax Credit Demand Still Strong After 6 Years

The Resources Enhancement and Protection Farm Conservation Tax Credit Program is still attracting strong use by farmers interested in funding nutrient and sediment reduction best management practices on their farms.

As a result of the program, the state encouraged the installation of $74,017,726 in best management practices for an investment of $28,423,495 in tax credits awarded, just under a four fold return on the public’s investment in the REAP Program.

REAP provides tax credits of between 50 and 75 percent to farmers installing certain best management practices up to $150,000 per agricultural operation administered by the State Conservation Commission and the Department of Revenue.

Tax credits and awarded on a first-come, first-served basis.

The FY 2013-14 budget proposed by Gov. Corbett this week again funded REAP at its full $10 Million level like he has every year since he took office.  Gov. Rendell had cut the program in half during his tenure.

For more information on the program, visit the Department of Agriculture’s REAP webpage.  A copy of the REAP annual report is available online.


2/11/2013

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