Wick Buildings offers a brief overview about the tax breaks available for Agricultural Buildings in 2009.
We here at the American Cattlemen have posted this article to inform you there are two programs available for agricultural buildings in 2009. We thank Wick Buildings for submitted this article to us to be posted.
There are essentially two programs available for Agricultural Buildings in 2009. One is called Section 179 and is a Tax Expensing program. The second is an accelerated Bonus Depreciation schedule for qualifying buildings. We have put together a list of frequently asked questions but encourage you to speak with your accountant or tax attorney to assure you have the necessary information.