Nearly 270 farm groups, agribusiness associations, and farmer cooperatives are calling on Congress to permanently extend the expiring provisions of Section 199A as lawmakers advance the federal budget process.
In a joint letter to Congress, the coalition emphasized the critical role Section 199A plays in maintaining the competitiveness of farmer co-ops and their members against corporations that benefited from the permanently reduced corporate tax rate under the 2017 Tax Cuts and Jobs Act.
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Without congressional action, Section 199A—along with many other provisions of the 2017 Tax Cuts and Jobs Act affecting farmers—will expire at the end of 2025. The expiration would result in a significantly higher tax burden for farmers and ranchers nationwide. Making Section 199A permanent is essential to providing cooperatives and their members with financial certainty in an increasingly unpredictable economic environment.
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