Iowa HF2732 establishes a water quality practice program offering tax credits for edge-of-field and cover crop practices.

Iowa HF2732 creates a water quality practice program administered by the Department of Agriculture and Land Stewardship. The program aims to integrate new water quality practices into existing farming methods. It offers two tax credits: an edge-of-field practice tax credit and a cover crop practice tax credit. Eligible taxpayers can claim up to 50% of the estimated or actual cost of establishing these practices. The program requires eligible taxpayers to maintain the practices for at least ten years and prohibits the transfer of tax credits.

Iowa HF2732 establishes a water quality practice program offering tax credits for edge-of-field and cover crop practices.

Iowa HF2732 creates a water quality practice program administered by the Department of Agriculture and Land Stewardship. The program aims to integrate new water quality practices into existing farming methods. It offers two tax credits: an edge-of-field practice tax credit and a cover crop practice tax credit. Eligible taxpayers can claim up to 50% of the estimated or actual cost of establishing these practices. The program requires eligible taxpayers to maintain the practices for at least ten years and prohibits the transfer of tax credits.