Quantcast

Gov. Brownback signs SB 265; good news for Kansas agriculture - KOAM TV 7

Gov. Brownback signs SB 265; good news for Kansas agriculture

Updated:

NEWS RELEASE FROM THE OFFICE OF KANSAS DEPARTMENT OF AGRICULTURE

Gov. Brownback signs SB 265; good news for Kansas agriculture

Topeka, Kan. –Governor Sam Brownback signed into law yesterday a bill containing two measures important to Kansas agriculture. Kansas Secretary of Agriculture Jackie McClaskey applauded the Kansas Legislature for the passage of Senate Bill 265.

The change in tax law will allow livestock producers to offset capital gains on the sale of cull cows and breeding livestock against business operating losses. This had been allowed in previous tax code, but a change in code in 2013 inadvertently removed the ability to offset capital gains tax. The passage of this bill restores that ability and will once again allow farmers and ranchers to appropriately manage their businesses tax liability. The change is particularly important to the dairy industry and will allow Kansas to remain the fastest growing dairy state in the country.

“We are thankful to Kansas legislators for understanding the importance of these issues and addressing them accordingly,” McClaskey said. “Both of these issues have significant impact on the agriculture industry and will have long-term influence on economic growth for Kansas.”

The bill also allows for capital investment in agriculture to be afforded sales tax exemption similar to other industries when an expansion or investment exceeds $50,000.

“These measures are conducive to creating investment and promoting growth in agriculture, our state’s largest economic sector,” McClaskey said. “Our agency is committed to continuing to develop a business friendly culture in Kansas and supports changes like these that promote growth of agriculture businesses across Kansas.”

# # #

  • NewsMore>>

  • Quapaw Nation Announces New Elder Housing Units

    Quapaw Nation Announces New Elder Housing Units

    Monday, October 22 2018 7:21 PM EDT2018-10-22 23:21:10 GMT

    Twenty new elder housing units are heading to the Quapaw Nation, thanks to assistance from a $750,000 federal grant. 

    More >>

    Twenty new elder housing units are heading to the Quapaw Nation, thanks to assistance from a $750,000 federal grant. 

    More >>
  • Shots Fired near Joplin School, Multiple in Custody

    Shots Fired near Joplin School, Multiple in Custody

    Monday, October 22 2018 7:58 PM EDT2018-10-22 23:58:40 GMT
    Joplin, MOJoplin, MO

    Joplin Police are at 23rd and Grand for reports of shots fired. According to Captain Trevor Duncan, authorities got a report of a male with a gun walking in the middle of the road. As officers were headed to the scene, Duncan says police received reports of multiple shots fired. Authorities have detained several people as they investigate what happened. No injuries have been reported at this time.

    More >>

    Joplin Police are at 23rd and Grand for reports of shots fired. According to Captain Trevor Duncan, authorities got a report of a male with a gun walking in the middle of the road. As officers were headed to the scene, Duncan says police received reports of multiple shots fired. Authorities have detained several people as they investigate what happened. No injuries have been reported at this time.

    More >>
  • 2.4 Million Taquitos Recalled, Salmonella & Listeria Concern

    2.4 Million Taquitos Recalled, Salmonella & Listeria Concern

    Monday, October 22 2018 2:54 PM EDT2018-10-22 18:54:26 GMT

    A Texas company is recalling 2,490,593 pounds of ready-to-eat meat and poultry taquitos that might be contaminated with Salmonella and Listeria monocytogenes. The items were shipped to distributors nationwide. The ready-to-eat meat and poultry taquitos were produced from July 1 through Oct. 10, 2018. The following products are subject to recall: 4.5-lbs. cardboard cases containing 24-count Go-Go Taquitos "Beef Taco & Cheese Taquitos" with a case code 86183 ...

    More >>

    A Texas company is recalling 2,490,593 pounds of ready-to-eat meat and poultry taquitos that might be contaminated with Salmonella and Listeria monocytogenes. The items were shipped to distributors nationwide. The ready-to-eat meat and poultry taquitos were produced from July 1 through Oct. 10, 2018. The following products are subject to recall: 4.5-lbs. cardboard cases containing 24-count Go-Go Taquitos "Beef Taco & Cheese Taquitos" with a case code 86183 ...

    More >>
Powered by Frankly

KOAM - Licensed to Pittsburg, Kansas
Send tips, ideas and press releases to: tips@koamtv.com
Send newsroom questions or comments to: comments@koamtv.com
Phone: (417) 624-0233 or (620) 231-0400
Web comments or questions: webmaster@koamtv.com
Newsroom Fax: (417) 624-3158

Powered by Frankly, Inc. All content © Copyright 2000 - 2018 KOAM. All Rights Reserved. For more information on this site, please read our Privacy Policy, and Terms of Service, and Ad Choices.