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percent of the new equipment purchase price of $3,750.
This new tax crediris the fifth category of equipment being promoted as part of Virginia’s nutrient management program.
To claim the tax credit, agricultural producers must purchase equipment meeting certain state-established specifications, and have a nutrient management plan development and approved by the local soil and water conservation district.
Equipment categories eligible for the credit are sprayers for pesticides and liquid fertilizers, pneumatic fertilizer applicators, manure applicators, tramljne adaptors and starter fertilizer banding attachments for planters.
Inquiries regarding the tax credit or equipment specifications may be directed towards local soil and water conservation districts or Russ Perkinson, Virginia Department of Conservation and Recreation nutrient management program manager, at (804)371-0061.
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