The Minnesota Legislature passed a bonding and tax bill on Thursday. Full Section 179 conformity is included in the legislation and Minnesota agricultural groups are pleased the effort is at the finish line. Minnesota Soybean Growers Association President Jamie Beyer says it’s been a huge worry for the association to get this fixed. “It was sort of like the Department of Revenue was reaching back in time and squeezing farm and businesses for additional taxes they didn’t know they’d have to owe,” says Beyer. “The rules were changed after the fact. Unfortunately, we had so much commitment to getting this fix done in February and then, COVID-19 came along and shifted the focus.” Minnesota Farm Bureau Director of Public Policy Amber Glaeser says Governor Walz has been supportive of the issue. “Hopefully, we’ll get it signed into law and put this behind us.”
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