The taxes imposed under this division, less the credits allowed under section 422.12, shall be reduced by the following:

1. 1. An agricultural assets transfer tax credit as allowed under section 16.80.
2. 2. A custom farming contract tax credit as allowed under section 16.81.

For future amendment striking subsection 2, effective January 1, 2018, see 2014 Acts, ch 1080, §118, 125 2013 amendment takes effect June 17, 2013, and applies retroactively to January 1, 2013, for tax years beginning on or after that date; 2013 Acts, ch 125, §23, 24

2006 Acts, ch 1161, §3, 7; 2007 Acts, ch 161, §14, 22; 2013 Acts, ch 125, §20, 23, 24; 2014 Acts, ch 1080, §86, 98

Referred to in §16.80, §16.81, §422.5, §422.16