Farmers Tax Guide

The IRS Publication 225, Farmers Tax Guide provides useful information regarding Government funded conservation programs such as CREP. The full publication is available on the web at https://www.irs.gov/pub/irs-pdf/p225.pdf. Two points are clear; CREP payments are considered income and CREP expenses are deductible.

The following sections in particular are applicable to CREP (PDF):

  • Page 16 - Agricultural Program Payments
  • Page 24 - Deductible Expenses
  • Page 32 - Soil and Water Conservation Expenses Plan Certification

 

Livestock and Dairy Tax Exemption Information

 

Washington State Department of Revenue

Application for Retail Sales Tax Exemption Certificate for Livestock Nutrient Management (PDF)

Special Tax Notice: Livestock Nutrient Management - Changes to Tax Exemptions, 2014 (PDF)

 

Tax Codes:

RCW 82.08.890 - Exemptions - Sales of machinery and equipment used in generating electricty (expires Jan 1, 2020)

RCW 82.12.890 - Exemptions - Livestock nutrient management equipment and facilities

This page was last modified on 2015/10/09 - 22:57