New York Governor Kathy Hochul approved the Fiscal Year 2023 budget, which included some key tax provisions for the state’s farmers. In today's Tax Talk, Senior Tax Consultant, Dario Arezzo goes over three tax credits included in the 2023 budget.
Labor costs remain a concern for agricultural producers in New York State. In today's Tax Talks, Senior Tax Consultant, Dario Arezzo outlines three tax credit proposals that may provide some relief from the high cost of labor. Two of them are existing credits that could be enhanced, while the other would be a new credit.
Last week, Farm Credit staff, directors, farmers, ranchers, foresters and fishermen from across the nation traveled to Washington, D.C., for the bi-annual Farm Credit Fly-In. The two-day event consisted of hundreds of legislative visits, both in-person and virtual, as well as a marketplace showcasing agricultural products from across the country.