Apparently my Canadian pal Krupo is playing around with some tax software and tipped me off to an interesting tax credit for the farmers of Manitoba.
The aptly-named Odour Control Tax Credit (translation for our fellow Americans who don't understand what in the hell that word means when there is a stray U thrown in for kicks: the Odor Control Tax Credit) incentivizes farmers to invest in equipment to un-funk their stank farms:
Starting in 2006, individuals carrying on the business of farming in Manitoba either as a sole proprietor or as a general partner in a partnership may earn a 10% tax credit for eligible investments in capital property that significantly prevent, reduce, or eliminate nuisance odours from organic waste.
For qualifying property acquired after December 31, 2012, Budget 2013 makes this credit fully refundable to agricultural producers.
Before 2013, the credit first had to be used to reduce Manitoba taxes; any remaining credit could then be refunded, up to an amount equal to net property tax on farmland. Any unused amounts could be carried forward for 10 years or carried back for the three previous years.
Please see additional details on the corporate tax credits page.
Budget 2011 extended this credit to December 31, 2014.
Nothing mindblowing, really, just a need to know sort of thing. Can we incentivize inconsiderate people who let their dogs take a shit on the sidewalk and don't clean it up with a tax credit? Let's call it the Earned a Baseball Bat to the Balls Credit. Who's in?