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Shining Light on Farm & Food Policy for 20 Years.
Wednesday, April 24, 2024
A bipartisan deal between leaders of the House and Senate tax-writing committees would raise limits on the Section 179 expensing provision that is popular with farmers, and the agreement also would restore a bonus depreciation provision to 100%.
President Joe Biden will propose new tax increases with his fiscal 2024 budget this week, while the Republican-controlled House will force a vote on killing the administration’s new rule that expands the jurisdiction of the Clean Water Act.