House Republicans’ plan to reform the tax code would make significant changes for businesses and lower tax rates. In July 07, 2016, Thursday’s Newsline, American Farm Bureau Federation tax specialist Pat Wolff highlights parts of the plan that would benefit farmers.
“The immediate deduction of all business inputs—so that would be equipment and buildings and animals—is something that farmers have asked for for a long time, and it’s a very positive part of this plan,” she said.
Congress Lays out Framework for Tax Reform
Want more news on this topic? Farm Bureau members may subscribe for a free email news service, featuring the farm and rural topics that interest them most!