Nebraska Wineries Could Get Tax Break
Grape growers and winemakers in Nebraska would be eligible for an income tax credit under a bill scheduled for debate in the Legislature's Revenue Committee.
Debate begins on February 13th on whether to grant a tax credit on
part of the equipment costs involved in producing grapes and wine.
Beginning in 2013, qualified producers would receive a credit in an amount equal to 25 percent of the purchase price of equipment and materials used directly in the growing of grapes and production of wine.
The tax break would be allowed for up to three years.
Eligible equipment for winemakers includes barrels, bins, bottles, corkers and fermenters. It also would apply to the purchase of grape harvesters and irrigations systems.
Utilities, labor costs and general supplies would not be
eligible.
Poll Question
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