Tax bill may represent savings for poultrymen WASHINGTON, D.D.-In spite of the temptation for Congress to offer sweeping tax cuts the Administration has taken the position that such a move should not be considered at this time, as it would only serve to fuel inflation. A bill has been worked up, however, by Congressmen Jones (D- Oklahoma) and Conable (R- New York) that would in clude a tax cut for businesses, including far ming ousmesses, as a means of fighting inflation. The principle of the bill is simple; if production of External parasite survey and study to be done UNIVERSITY PARK - Dairy and beef producers in 18 Pennsylvania counties are being asked to take part m a survey to determine current pesticide use patterns against various pests, it was EAR CORN NEEDED Paying Top Prices For Top Quality ear Corn * Easy Access - only 2.5 miles east off of 283 Bypass at Manheim - Mt. Joy exit. * Fast Unloading - dump & go! * Contract pricing available - June thru September. * Unloading anytime from 7 a.m. 5 p.m. - evenings & Saturdays by appointment. JAMES E. NOLI ORAM R 2 Manheim, PA 17545 PH: 717-665-4785 r —— I r IT .Atf TRACTOR PRE-SEASON \ r NOW —Buy a new Ford Farm Tractor. NOW —Take advantage of 1979 prices. NOW —Choose equip, to use with tractor pay only a standard downpayment NOW PAY BALANCE - FEB. 1980 The above is thru FMCC - WITH NO INTEREST - limited to 30+ HP tractors & equipment purchased with a tractor. g LANCASTER FORD TRACTOR INC. ir * mn\mmv goods and services is stimulated by encouraging capital investment, in flationary pressure could be eased. Although no one would contend that egg production needs to be stimulated at this tune, increased capital in vestment in other segments of the economy would be beneficial to the public as a whole, not to mention the opportunities that would be presented for diversified investments by persons in the egg industry. The Jones-Conable bill (HR 4646) seeks to ac complish this by allowing announced today by Dr. Lowell L. Wilson, professor of animal science at Penn State. The following is a list of the eighteen counties which will be asked to cooperate in Buy a new Ford Ind. Tractor Large Selection to choose from 1655 Rohrerstown Rd. I Lancaster, PA 17601 Phone: 717-569-7063 | businesses to write off the cost of assets at a faster rate than is currently allowed. The bill would also simplify the IRS’ asset depreciation range (“ADR”) system, narrowing the present 130 classes ox assets to just 3 classes, which would cover all depreciable business property. For example, the bill would allow bams and other farm buildings to be written off over a ten-year period, and farm machinery, equipment, gram bins and fences, five years Under present IRS rules for ADR the beef and dairy pesticide cattle-parasite study: Mercer, Tioga, Susquehanna, Indiana, Centre, Schuylkill, Crawford, Bradford, Butler, Somerset, Washington, Franklin, York, Berks, Lancaster, Wayne, Mifflin, Northampton. The following counties will participate in the beef pesticide study: Erie, Warren, Lycoming, Lawrence, Dauphin, Nor thumberland, Lehigh, Greene, Westmoreland, Adams, Chester. Other counties may be added at a later date depreciation the minimum periods are 20 and 8 years, respectively, although most farmers don’t use the complex and rigid ADR system. Another feature of the bill is its treatment of the in vestment tax credit. While the types of property eligible would remam (lie same, thte Jones-Conable bill would increase the amount of credit for some of that property. The full 10% credit wouid apply to property depi eciated over five or more years (currently it is seven or more) and would increase the credit for Some of the major factors to be evaluated will be pesticides and formulations used; frequency and rates of application; method of application; and cost of materials and treatments. Primary pests are flies, lice, mange, ticks, and grubs. The survey, conducted by The Pennsylvania State University’s College of Agriculture, is designed to determine the economic unpact on the dairy and beef industry if particular pesticides were removed from the market, Wilson points out. NOW NOW Lancaster Farming, Saturday, September 1,1979 property depreciated over three to five years from 3.3% to 6%. Another important provision of the bill is the elimination of salvage value, which would allow farmers to depreciate property down to zero. The bill is called the “Cost Recovery Act of 1979”, and has gained at least 140 co sponsors in the House. The provisions of the bill could benefit the egg industry and the American economy if it is passed. A NOTE ON IN VESTMENT TAX Current pesticide use and management patterns by beef and dairy producers will be determined, along with an evaluation of the effectiveness of these in secticides and practices m achieving satisfactory control. “The Environmental Protection Agency is con sidering the removal of restrictions of certain pesticides,” Wilson em phasizes. “Hearings on the effectiveness of such in secticides as dixnethoate, lindane, toxaphene, car baryl, ronnel, and tncholorofon will be scheduled in the future. The survey will assist EPA in making decisions on which chemicals may be eliminated.” With registered altenatives to these com- CREDIT—The Revenue Act of 1978 amended the Tax Code by making single purpose agricultural structures, including poultry and egg production facilities, ehgible for the investment tax credit. Prior to this change, considerable confusion had resulted as the IRS sought to deny the credit on such structures. The IRS is now formally taking the position, in private letter rulings, that egg producing facihties are eligible for the investment tax credit. The credit applies to structures placed in service after August 15,1971. pounds, the cost-benefit ratio associated with the loss of these compounds must be assessed. No previous estimates of the frequency and type of insecticide use on beef and dairy cattle in Pennsylvania have been determined. This in formation will assist EPA with their evaluations of various insecticides. “Nationally, beef and dairy producers lose ap proximately 2.5 billion dollars annually from in sects such as ticks, hce, and flies,” he points out. “It is important to the economy to keep these losses to a minimum.” Both the Pennsylvania Dairymen’s Association and Pennsylvania Cattlemen’s Association have endorsed the survey, and encourage producers to reply to the survey. FISHER 13 =!
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