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H.B. 493 VETOES
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(i) means:
1. a planter or drill that:
A. is commonly known as a "no-till" planter or drill; and
B. is designed to minimize the disturbance of the soil in
planting crops; [or]
2. liquid manure soil injection equipment that is designed to
inject manure into the soil to reduce nutrient runoff; OR
3. A DEEP NO-TILL RIPPER USED FOR SOIL PREPARATION IN
NO TILL SYSTEMS THAT DOES NOT INVERT THE SOIL PROFILE AND IS USED TO
ADDRESS COMPACTION IN HIGH RESIDUE CROPPING SYSTEMS: and
(ii) includes a planter or drill or liquid manure soil injection
equipment that attaches to or is pulled by equipment.
(2) The subtraction under subsection (a) of this section includes 100% of
the expenses that a taxpayer incurs to buy and install conservation tillage equipment
if:
(i) the equipment has a useful life of at least 4 years;
(ii) the taxpayer:
1. bought the equipment:
A. after December 31, 1985, if the equipment is a planter or
drill; [or]
B. after December 31, 1989, if the equipment is liquid
manure soil injection equipment; OR
C. AFTER DECEMBER 31, 2001, IF THE EQUIPMENT IS A DEEP
NO-TILL RIPPER THAT DOES NOT INVERT THE SOIL PROFILE;
2. owns the equipment for at least 3 years after the taxable
year in which the subtraction is made; and
3. uses the equipment in agricultural production; and
(iii) for liquid manure soil injection equipment, the equipment is:
1. used on land upon which farm products, as defined under
§ 10-601 of the Agriculture Article, are raised; and
2. not used to inject sludge into the soil.
(3) To quality for the subtraction under paragraph (2) of this subsection,
a taxpayer shall file a statement from the Department of Agriculture certifying
compliance with the requirements of this section.
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- 5144 -
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