- Associated Press - Thursday, December 17, 2015

ALBANY, N.Y. (AP) - There are some benefits for New York farmers in a tax package just unveiled in Washington.

Sen. Charles Schumer says he secured the restoration and permanent extension of key provisions of Section 179 of the tax code, which provides tax deductions that help family farmers purchase needed equipment.

There’s something for apple growers, too. The tax extenders package includes the Cider Act introduced by Schumer to boost the state’s growing hard cider industry.

The Cider Act revises the definition of hard cider to allow it to have a greater alcohol content without being taxed at the higher rate of wine. Under current federal law, the definition of hard apple or pear cider only allows for up to 7 percent alcohol.

Hard cider is a value-added product that can reap significant revenues for growers.



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