North Carolina growers get tax breaks

Byford, Jim
January 2006
Southeast Farm Press;1/18/2006, Vol. 33 Issue 3, p10
Trade Publication
The article focuses on the tax exemption of certain farm equipment and supplies in North Carolina. Due to some changes in the state tax law, North Carolina farmers will see a tax break on the purchase of certain farm equipment and supplies. Several items that were earlier taxed at a rate of 1 percent, will now be exempt from sales and use tax. These items include: farm machinery; lubricants applied to farm machinery sold to farmers; grain, feed or soybean storage facility; etc. According to Steve Troxler, North Carolina's Agriculture Commissioner, this tax exemption will be welcomed by farmers because of the rising cost of fuel, feed and other agricultural supplies.


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