Texas is home to more than 100 species of non-native wildlife. For more than 60 years a small group of private landowners have housed and grown these species. As the result, today, more than 5000 Texas landowners have exotic wildlife on their property. In 2007 Texas A&M, at the request of Congressman Henry Bonilla conducted an economic impact survey. At the time, the industry contributed $1.3 Billion dollars of economic impact the state economy.
Current IRS rules classify non-native wildlife as livestock. Livestock falls under the classification of business equipment for accounting for tax purposes. IRS Section 179. In 2017, the Tax Cuts and Jobs Act accelerated depreciation of all business equipment to 100% in the year of acquisition.
Therefore, any purchase of non-native wildlife (livestock) is 100% tax-deductible in the year it is purchased.
WRS works exclusively with WildLife Partners during the acquisition process of all animal assets. Once the animals are delivered to the ranch and the animals get settled in their new environments, nature takes over and, inevitably, offspring are born. Rather than inviting outfitters and unwanted visitors onto your ranch to harvest surplus stock, WildLife Partners will return to buy them. At no cost and while assuming all risk from the landowner, WildLife Partners will capture and purchase any animal that the landowner is willing to sell.
