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New Zealand government scraps plans to tax ag emissions

The New Zealand government has announced plans to exclude agriculture from the country’s emissions trading plan and explore other ways to reduce methane.  Last week, Prime Minister Christopher Luxon said the government is scrapping plans for the “burp tax”, which was set to begin... Read More.

Update on IL estate tax reform

The Illinois General Assembly continues to debate the Family Farm Preservation Act. Senate sponsor Dave Koehler, of Peoria, tells Brownfield the bipartisan effort would ease the burden of estate taxes on Illinois family farms, but faces challenges… “Everybody is for that because it just makes... Read More.

Wisconsin Senate passes two ag-related tax exceptions

The Wisconsin State Senate has passed two bills that would allow Evansville and Stevens Point to assist agriculture-related development projects. Senate Bill 787 would allow Evansville to offer tax incremental financing assistance for a proposed CHS soybean crushing plant on the city’s southeast side. ... Read More.

Depreciation improvements in House tax bill good for farmers

Lawmakers say the recently passed tax relief package will benefit farmers and ranchers. Ioway Republican Randy Feenstra spoke in favor of the Tax Relief for American Families and Workers Act during floor debate this week. “Our farmers will benefit from two key provisions in... Read More.

Wisconsin lawmakers hold hearings on two ag-related tax proposals

Wisconsin lawmakers held committee hearings on two ag-related tax bills Thursday. Jordan Lamb is an attorney and lobbyist, and she tells Brownfield the bills would allow both Evansville and Stevens Point to create tax incremental financing districts for new development beyond the existing limits.... Read More.