Harrisburg, December 4, 2007 — State Sen. Michael A. O’Pake, the Democratic Chairman of the Senate Agriculture and Rural Affairs Committee, today advised local farmers that applications are now available for the Resource Enhancement and Protection (REAP) Tax Credit Program.
There is $10 million in available tax credits this year for the new REAP Program and applications will be accepted starting December 26, 2007.
“This is a great opportunity for farmers all across Pennsylvania who protect and preserve our environment to receive state money to offset costs of operation,” O’Pake said. “Farming has always been a big business in my district so I was thrilled to support and promote this program’s development.”
REAP allows farmers and businesses to earn tax credits in exchange for Best Management Practices on agricultural operations that will enhance farm production and protect natural resources.
Eligible applicants may receive between 25 and 75 percent of project costs as state tax credits for up to $150,000 per agricultural operation.
For more information on the program, farmers and small business owners can view the program guidelines and application at www.agriculture.state.pa.us.
In July 2007, the Senate voted unanimously to approve legislation establishing the REAP Tax Credit Program (Senate Bill 690). This new program was eventually incorporated into the negotiated 2007-08 budget package.