Articles tagged under: capital gains taxes
Details Sought on Tax Proposal’s Impact on Agriculture
Published May 26, 2021
North Dakota Senator John Hoeven, Agriculture Committee Ranking Member John Boozman and six of their Republican colleagues are asking Agriculture Secretary Tom Vilsack to explain the Biden Administration’s proposed tax policy and its impact on capital gains tax rates and…Proposed Tax Changes May Negatively Impact Farmers
Published April 30, 2021
The American Families Plan includes updates to stepped-up basis and higher capital gains taxes. While USDA clarified farmers and family-owned businesses would be exempt from tax changes, agriculture groups are concerned. "We've had programs that exempted family-owned businesses before, but…