When Congress passed the Emergency Economic Stabilization Act of 2008, better known as the bailout package, it provided $700 billion in relief to the troubled financial industry. However, it also included many provisions that could benefit the nursery and greenhouse industry directly through tax incentives and other tax deductions. Steve Shropshire of the law firm Jordan Schrader Ramis P.C. outlines several of these opportunities in an article you can read on the OAN Web site. They include new or extended incentives for certain energy efficiency improvements, including solar, wind and geothermal technology, plus greater allowed depreciation for capital investments in agricultural equipment and in retail facilities. To see how these incentives may apply to your unique situation, consult a qualified tax attorney or accountant.
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About Curt Kipp
Curt Kipp is the director of publications and communications at the Oregon Association of Nurseries, and the editor of Digger magazine.