The State - News from April 16, 1986

Special tax-cut legislation for farmers designed to aid California’s economically distressed agriculture industry has been signed by Gov. George Deukmejian. The bill by Sen. Henry J. Mello (D-Watsonville) will allow farmers, ranchers, citrus growers and other farming enterprises to carry over financial losses into future tax years. Deukmejian previously vetoed two similar bills by Mello, but made the current version of the bill part of his “Rural Renaissance,” saying that one reason for his reversal was that the tax loss to the state will be less than half the amount contained in earlier legislation.