[Wisconsin State Capitol] Senator Sheila Harsdorf (R-River Falls) is pleased to announce that the governor signed into law today a bill that will extend the Dairy and Livestock Farm Investment Tax Credit until 2017. Harsdorf was a cosponsor of this bill that encourages the expansion of dairy and livestock operations.
“Generating $59 billion in our state’s economy, agriculture is one of Wisconsin’s top industries. Extending this credit to producers will inspire more investment and new jobs. The Dairy and Livestock Farm Investment Tax Credit has been an extremely successful tool for dairy and livestock producers across the state and the extension of this credit will help ensure that Wisconsin remains a leader in agriculture,” says Harsdorf.
The credit can be used for buildings and equipment for animal housing, confinement, animal feeding, milk production, or waste management. This credit allows producers to claim up to 10 percent of the cost to modernize or expand their operations, up to a total of $75,000.
“Continuing to invest in Wisconsin’s dairy and livestock industry will help our state’s economy recover and flourish. I am pleased with the bipartisan support this legislation garnered.”