"All recipients of cost-share funds under FLEP will receive a 1099 IRS Tax Form. The cost-share funds must be reported. However, the US Secretary of Agriculture has asked the US Secretary of Treasury to exclude FLEP cost-share as taxable income. As of October 7, 2003 the Secretary of Treasury has not ruled on whether FLEP cost-share funds may be excluded. For current information on tax treatment of FLEP cost-share funds, contact your local office of NYS DEC."

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