State Rep. Brian Hill Introduces Legislation That Creates Tax Credit for Manure Storage Facilities
State Representative Brian Hill (R-Zanesville) recently introduced legislation that will create a refundable income tax credit for livestock owners or producers who invest in manure storage facilities.
House Bill 297 aims to encourage compliance with the new manure spreading standards outlined in Senate Bill 1.
“This legislation will encourage to farmers upgrade their manure storage facilities,” said Rep. Hill. “By helping farmers to mitigate the cost of these upgrades, House Bill 297 supports Ohio’s number one industry and helps to ensure improved water quality in Lake Erie.”
The credit is 50 percent of the eligible investment which is carried over five years (10 percent per year). In addition to the storage facility structure, items such as building plans, design, construction, manure handing equipment, and vehicles associated with spreading of manure are eligible.