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Beginning farmer tax exemption deadline extendedNebraska On Oct. 28 the Nebraska Department of Agriculture extended the deadline for producers seeking to claim an agricultural personal property tax exemption under the Beginning Farmer Program. Producers now have until Nov. 10, to apply for eligibility for the 2009 tax year. "We have received renewed interest in the program in the past few days, which led us to extend the deadline," said Marian Beethe, administrator of the Beginning Farmer Program for NDA. "We hope to assist as many beginning farmers as possible with this program." The tax exemption was created as part of Legislative Bill 1027 signed by Governor Dave Heineman in April. The new agricultural property tax exemption allows qualified beginning farmers to claim an exemption on up to $100,000 of personal property used in production agriculture. The exemption can be claimed for three years. Participation in the program begins at NDA with an application to qualify as a beginning farmer or rancher. To claim an exemption for the 2009 tax year, producers now have until Nov. 10, to apply. To apply or to get more information, contact NDA by calling 800-753-9396 or visit www.agr.ne.gov. 11/10/08 Date: 11/5/08 Advertisement
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