Saturday, July 13, 2024

Farmers push sees congressional action on tax incentives

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By Erin Anthony

Special to Poultry Times

WASHINGTON — Congress' recent passage of legislation making permanent or extending several tax provisions important to agriculture is a great example of how the groundwork farmers and ranchers have laid all year can pay off. Over the past 12-plus months they have been explaining to their lawmakers how tax provisions like section 179 small business expensing and bonus depreciation make the difficult business of running a farm more manageable.

In the past, Congress had approved one- or two-year extensions — sometimes retroactively — of these critical provisions. Though that was. . .

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