President Donald Trump is back in Washington, where his 2017 tax cuts are one step closer to becoming permanent. The Senate Finance Committee has released details of its work on the “Big, Beautiful Bill.”
The Committee’s plan would extend the 45Z tax credit, and it would also keep the Section 199A at 20 percent and make it permanent. The Senate plan increases the estate tax exemption to $15 million or $30 million for a couple.
Their plan mirrors the House version when it comes to depreciation and would restore the full bonus depreciation.
Related Stories
Understanding the Big, Beautiful Bill’s complex impact on SNAP benefits – that’s the topic of today’s Firm to Farm blog post by RFD-TV’s legal expert, Roger McEowen.
Farm CPA Paul Neiffer joined us on Thursday’s Market Day Report for a closer look at how Trump’s Big, Beautiful Bill changes to base acres and potential impacts on future ARC and PLC payments.
The Supplemental Nutrition Assistance Program (SNAP) was once again on the national stage, front and center this week before the House Agriculture Committee.
