SPRINGFIELD, Mo. — Urban farmers could be eligible for tax credits through the Missouri Agricultural and Small Business Development Authority (MASBDA).
The Urban Farm Investment Tax Credit Program offers tax credits for expenses associated with establishing or improving an urban farm in an urban area that focuses on producing food that’s sold or donated to the public.
According to the MASBDA website, the tax credit will be 50% of the amount paid in a given year, not to exceed $5,000 per farm. Construction or expansion activities paid for by state or federal funds are not considered eligible expenses for the Urban Farm Investment Tax Credit.
The full article is available at ozarksfirst.com.
(Story by Jessica Hammer, ozarksfirst.com)
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