Waikato Plan Change 1 litigation nears conclusion after 12 years
Following twelve years of litigation, a conclusion could be in sight of Waikato’s controversial Plan Change 1 (PC1).
New tax breaks that will contribute to protecting water quality have been welcomed by a regional council.
From this month, riparian plantings by farmers are tax deductible as an operational expense instead of being classified as capital expenditure.
A change to the Income Tax Act explicitly allows deductions for plantings to "prevent or mitigate discharges into water courses or water bodies". The provision is available to trees, shrubs and other plantings.
The Government says the new measure will encourage farmers to plant trees and shrubs in riparian strips along creeks and rivers, thereby increasing natural habitat and reducing the amount of sediment and nutrients entering waterways.
Waikato Regional Council catchment services group manager Scott Fowlds says the council, its partner iwi and stakeholders have a strong focus on protecting water quality in the region.
So the Government's new tax rules are a welcome addition to measures supporting this, he says.
"The council itself already offers grants of up to 35%t of the cost of fencing off waterways and riparian plantings on farms in priority catchments."
For more advice on planting and fencing issues, contact a council land management officer on 0800 800 401 or visit www.waikatoregion.govt.nz/forfarmers
Commercial fruit and vegetable growers are being encouraged to cast their votes in the Horticulture New Zealand (HortNZ) board directors' election.
A unique discovery by a Palmerston North science company, Biolumic, looks set to revolutionise the value and potential of ryegrass and the secret is the application of ultraviolet (UV) light.
A New Zealand company is redefining the global collagen game by turning New Zealand sheepskin into a world-class health product.
With further extreme weather on the way, ANZ Bank is encouraging farmers and business owners impacted by the recent extreme weather and flooding to seek support if they need it.
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