Section 179 | Red River Farm Network

MN House Passes Omnibus Tax Bill

Published April 26, 2021

The Minnesota House passed the omnibus tax bill. Representative Paul Marquart says this bill does three things for farmers including an expansion of the beginning farmer program, updates for homestead qualification and fixes to Section 179 depreciation. "Beginning this tax…

MN Legislature Passes Bonding and Tax Bill

Published October 16, 2020

The $1.36 billion bonding and tax bill passed by the Minnesota Legislature on Thursday will provide $200 million in tax breaks for farmers, including Section 179 conformity. "I think there was some concern about getting the tax bill done before…

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MN Lawmakers Meet for Short Special Session

Published August 17, 2020

Minnesota lawmakers convened for the third special session of 2020 last week. Not much work was done on the tax bill, Section 179 conformity or a bonding bill. As long as Governor Walz maintains emergency powers for the COVID-19 pandemic,…

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Walz Addresses Ag Issues

Published July 23, 2020

Minnesota Governor Tim Walz acknowledges this is a difficult time for everybody, but particularly for agriculture. Reflecting on the recent special session, Walz voiced frustration on one key issue. "I'm super-disappointed we didn't get a tax bill" which would have…

Another Chance Possible to Finalize MN Bonding and Tax Bills

Published July 22, 2020

The Minnesota Legislature adjourned without reaching a deal on the bonding and tax bill, but there could be another opportunity. With the possibility of a third special session next month, Minnesota Corn Growers Association Senior Public Policy Director Amanda Bilek…

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Budget Challenge for MN Legislature

Published May 8, 2020

When the Minnesota legislative session began in February, there was a projected budget surplus of $1.5 billion. Then, the COVID-19 pandemic hit. Tax revenues and the economic slowdown along with additional spending now means a projected deficit of $2.4 billion.…

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An Uncertain Path Forward for Section 179

Published April 3, 2020

The status of Section 179 conformity in Minnesota is unknown at this time. Lobbyist Bruce Kleven says there are a few things making an impact including a change in the budget surplus. "Earlier this year, the surplus was $1.5 billion.…

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MN Farmers Want Section 179 Conformity

Published March 12, 2020

Lake Benton, Minnesota farmer Bob Worth met with state lawmakers, Governor Walz and Ag Commissioner Thom Petersen in St. Paul this past week on the budget and farm policy. "In Minnesota we have a $1.5 billion surplus. The governor is…

Section 179 Conformity Not in Supplemental Budget

Published March 12, 2020

The latest Minnesota supplemental budget proposal doesn’t directly address Section 179 conformity, something rural America is asking from lawmakers this session. Minnesota Governor Tim Walz tells the Red River Farm Network the state is not in a tax year, but…

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MN Lawmakers Considering Options for Surplus

Published March 8, 2020

There’s a projected $1.5 billion surplus in Minnesota. Lobbyist Bruce Kleven says lawmakers still need to know how much money is available before they can decide how to spend it. "If you look at the House Democrats' view they say…

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Articles tagged under: Section 179

MN House Passes Omnibus Tax Bill

MN Legislature Passes Bonding and Tax Bill

MN Lawmakers Meet for Short Special Session

Walz Addresses Ag Issues

Another Chance Possible to Finalize MN Bonding and Tax Bills

Budget Challenge for MN Legislature

An Uncertain Path Forward for Section 179

MN Farmers Want Section 179 Conformity

Section 179 Conformity Not in Supplemental Budget

MN Lawmakers Considering Options for Surplus

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