KKTV 11 News | Colorado Springs, Pueblo |  Breaking News| Weather | School Closings | Traffic

Drought Relief

(Del Norte-AP) -- Governor Bill Owens has signed legislation to give ranchers and farmers tax relief if they are forced to sell their livestock because of the drought.

Owens signed a bill today that offers farmers and ranchers a 100 percent tax credit for 2002 or 2003 for any money they make on the forced sale of livestock. It also allows them to carry the tax credit forward for five years.

Lawmakers estimate that half of the state's cattle herds have been sold because ranchers do not have enough water and feed.


KKTV 520 E. Colorado Colorado Springs, CO 80903 Office: (719) 634-2844 Fax: (719) 632-0808 News Fax: (719) 634-3741
Gray Television, Inc. - Copyright © 2002-2014 - Designed by Gray Digital Media - Powered by Clickability 62457 - kktv.com/a?a=62457