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Webinar - REAP Farm Conservation Tax Credit Webinar Set For June 9
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The State Conservation Commission will host a Webinar on June 9 at 10:30 a.m. to review the new Resource Enhancement and Protection (REAP) farm conservation tax credit application and answer questions regarding the guidelines and application process
Last week, the Commission said it would begin accepting applications for the next round of REAP Farm tax credits beginning August 3.
The guidelines and application forms will be posted on the REAP webpage. Applications will be accepted on a first-come, first-served basis. Any applications with a postmark prior to July 30 will be returned.
All applicants who applied in the previous fiscal year funding round, but were not approved because the REAP credits were exhausted, will once again be mailed a short “Addendum Application.” These applicants will not be given any priority in the first-come, first-served process, however, and must submit this application along with the other new applicants.
Will There Be Funding?
At this point in the budget process, it is not yet certain whether the REAP Tax Credit Program will be kept at the existing $10 million level or changed.
Gov. Rendell's proposed budget included $10 million for REAP. The proposed Senate Republican budget did not specifically eliminate the REAP tax credit, however, their budget would eliminate $250 million of the $324 million allocated for all tax credits so REAP is at risk.
Last year, the Commission received enough applications to use up the entire $10 million appropriation in the first few hours of the first day applications were accepted. (Pa Environment Digest 8/11/08)
For more information, visit the REAP Program webpage or contact Mary Bender at 717-787-8821 or by sending email to: mabender@state.pa.us.
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6/5/2009 |
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