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Budget's rural gifts run from water to wine
5 May 2004
Farmers will be given tax incentives to improve water management and boutique wineries offered tax breaks to boost cellar-door sales, as part of next week's federal Budget. Deputy Prime Minister John Anderson flagged the tax changes for water yesterday - part of a suite of measures for rural communities in the Budget. During a visit to Gunnedah in his NSW electorate he said it will be a great Budget - "you're going to love it".
The tax breaks for water management will assist in offsetting the cost of purchasing irrigation equipment for farms. And small wineries producing up to 200,000 litres of wines annually will be exempted from the wine equalisation tax. The WET equates to a 29 per cent wholesale impost and has been blamed for a downturn in cellar-door sales.
The Australian, 5/5/04, page 2.
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