Henderson County Assistant Attorney Speaks on the Net Profit Tax
Henderson County Farm Bureau board members were addressed by guest speaker, Henderson County Assistant Attorney, Andrew Powell. Those attending the January, 2017 board meeting gained helpful insight regarding the 1% Net Profit Tax as well as how it applied to the farming industry.
KFB Spotlight
- Statement from Kentucky Farm Bureau President Mark Haney on Defense of Environment and Property Act of 2021
- July 29, 2021
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“We offer our thanks to Senator Rand Paul for introducing the Defense of Environment and Property Act of 2021 as we look forward to the clarity such legislation would bring to the Waters of the U.S. issue."
- Finalists Named for 2021 Outstanding Young Farm Family Award
- July 26, 2021
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Three finalists have been named for the 2021 KFB OYFF honor, in recognition of their achievements as part of the farming community. This year’s finalists are Jonathan and Jessica Gaskins of Adair County, Mark and Wesley Thomas of Hardin County, and Daniel and Kristan Wright of Jefferson County. The winner will be announced at the Kentucky Farm Bureau Annual Meeting later this year.
- Agricultural Exemption Number Required for Tax Exempt On-farm Purchases
- July 25, 2021
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Effective January 1, 2022, KRS 139.481 requires that farmers have an Agriculture Exemption Number for use on Forms 51A158 and 51A159 to make purchases exempt from sales tax.