As you are well aware, the House and Senate have passed a tax bill that dramatically changes tax rates across the country. This bill is extremely complex and will likely impact your farm.

The most important thing you can do is reach out to your tax professional and have them walk you through the new law and how it will impact your operations.

In the meantime, here is a basic analysis of the implications of the new tax bill for agriculture.

Summary of Changes

Dennis Nuxoll

Today, the House Judiciary Committee began a mark-up of H.R. 4092 “The AG Act” (Rep. Bob Goodlatte). This is the first step in the legislative process as the House begins consideration of immigration legislation. The mark-up of the AG Act has recessed for today and will continue tomorrow with consideration of the Legal Workforce Act (Rep. Lamar Smith) to follow. 

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