Articles tagged under: taxes

Standoff Possible Over Gas Tax Proposal

Published March 8, 2019

Minnesota Governor Tim Walz’s tax proposal is generating plenty of discussion in St. Paul. State Senator Torrey Westrom, who is from Elbow Lake, says rural Minnesota needs roads and bridges, but there is no support for a gas tax. "A…
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MN Farmers Want Tax Conformity at State Level

Published March 1, 2019

Tax conformity tops the wish list for soybean farmers in the Minnesota legislative session. Minnesota Soybean Growers Association President Mike Petefish says it's a challenging situation with the federal government and state government being so different on deductions and the…
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Tax Planning Series: Prep for the Meeting

Published December 19, 2018

As farmers prepare for tax season, AgCentric Farm Business Management Instructor Ron Dvergsten says the first step for farmers to contact their tax preparer. "Do an estimate to see where you are tax-wise." In addition, come prepared for the meeting.…
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Year-End Tax Planning Tips

Published December 17, 2018

As 2018 comes to a close, farmers and ranchers are gathering financials for tax planning purposes. NDSU Extension farm economist Ron Haugen says it’s best to start with year-to-date income and expenses, and estimate them for the remainder of the…
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Tax Season Reminders for Farmers

Published December 5, 2018

As 2018 comes to a close, farmers and ranchers are gathering financials. As a result of new tax laws, there are several changes for the upcoming year. Renee Fink, AgCountry Farm Credit Services Vice President of Tax, says the most…
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MN Senator Expresses Caution on Tax Credit

Published May 16, 2018

Minnesota Senate Agriculture, Rural Development and Housing Finance Committee Chairman Torrey Westrom says lawmakers are still working to include the buffer tax credit in the tax bill. “We’re hopeful, but right now it doesn’t look good for the buffer tax…
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Conference Committee Works on MN Tax Bill

Published May 14, 2018

Members of the conference committee have finalized a tax bill agreement This legislation conforms the Minnesota tax code with the new federal tax law. It includes the first tax rate reduction in nearly 20 years. The bill increases the Section…
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