The Agricultural Irrigation Systems Tax Credit was signed by Governor Robert Bentley on May 14th. This new tax incentive provides Alabama farmers a credit of up to 20% of the cost of new or improved irrigation systems with a cap of $10,000 per farm. Decades of research gave rise to the legislation with hopes that the increased agricultural yields will be an economic boon for the state of Alabama.
What great timing for this legislation. This Alabama summer has been a scorcher so far and no doubt that the crops could use a little extra irrigation. Please do not hesitate to contact us if you would like more information.
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