12/23/24 - 125 New Stories - REAL Environmental & Conservation Leadership In PA: http://tinyurl.com/433fpruj
| Share this: | ||||
|
|
|
|
|
|
Final Budget Cuts REAP Tax Credit Program By 50 Percent
|
|
Final approval was given to changes in the Tax Code in House Bill 1531 (George-D-Clearfield) which makesa 50 percent cut in funds available to the Resource Enhancement and Protection (REAP) farm conservation tax credits, much steeper cuts than other tax credit programs.
The Governor signed the bill into law. The bill eliminates the natural gas severance tax which House Democrats, environmental, sportsmen and local government groups supported as an alternatve to leasing State Forest land. The final bill makes available only 50 percent of the $10 million in the funding for the Resource Enhancement and Protection (REAP) farm conservation tax credit program in FY 2009-10 ($5 million) and 45 percent in FY 2010-11 ($4.5 million). There are over $9 million in REAP Tax Credit applications now pending with the State Conservation Commission for this fiscal year. |
|
10/12/2009 |
| Go To Preceding Article Go To Next Article |
