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Local Drain Tile Company Provides Backdrop For Discussing Sales Tax Elimination on Drainage Tile
Contact:
Molly Zentz
O: 317-692-7822
C: 765-469-3150
mzentz@infb.org
(Indianapolis) – May 17, 2017 – Indiana Farm Bureau leadership toured drainage tile company, Fratco, in Francesville, Indiana today and celebrated the upcoming elimination of sales tax on drainage tile for Hoosier farmers. INFB president Randy Kron and vice president Kendell Culp met with Fratco executives to learn more about the facility and its products and discuss the benefits of a proper drainage system for Indiana farms.
With the passing of Senate Bill 515, authored by Senator Brandt Hershman (R-Buck Creek), farmers will no longer pay sales tax on drainage tile, like those available for purchase and installation from Fratco and other producers. Representative Doug Gutwein (R-Francesville) has been a champion of this tax saving provision for many years. It will take effect July 1.
“A good drainage system is key to good crop production,” explained Kron.
INFB members have been advocating for a drainage tile sales tax exemption for many years as a key production tool.
“Farmers often invest tens of thousands of dollars or more on drainage tile,” said Culp. “The elimination of tile sales tax certainly is a welcome benefit for our members.”
Editors note: INFB will continue to educate its members about the elimination of sales tax on drainage materials and the benefits of installation over the next few months. To educate its members on the laws and regulations related to drainage, INFB plans to host its annual Drainage School on Wednesday, August 23 at the Indiana Farm Bureau Inc. headquarters in Indianapolis. The seminar is open to farmers, public officials, agency personnel, attorneys and members of the public.
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About Indiana Farm Bureau: Since 1919, Indiana Farm Bureau (INFB) has protected the livelihood, land, equipment, animals and crops of Hoosier farmers. It is the state’s largest general farm organization and a farmer’s strongest advocate. INFB works diligently to ensure a farmer’s very right to farm, because agriculture is so vital to Indiana’s economy. Learn more at INFB.org.
