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Committee hears bill to create B&O tax credit for farmers participating in conservation programs
Summary
House Bill 1019 would create a business-and-occupation tax credit equal to 25% of eligible farming-input expenditures for farmers participating in state conservation grants or programs; staff estimated a modest statewide revenue impact and the sponsor urged the committee to support farmers and conservation participation.
House Bill 1019 was presented to the House Finance Committee in a staff briefing and by its prime sponsor, Representative Schaevers.
Christina King, staff to the committee, summarized the measure: beginning Jan. 1, 2026 a B&O tax credit equal to 25% of expenditures for farming inputs (including equipment, seed, feed and amendments) would be available to farmers who…
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