News

Is 199A Fix Near?


Since shortly after President Trump signed the Tax Cuts and Jobs bill, lawmakers started working to fix the unintended consequences of Section 199A which gave significant tax benefits to co-ops and putting non co-op grain buyers at a disadvantage. One key Senator thinks a legislative fix is within grasp.

According to Sen. Chuck Grassley (R-Iowa), an agreement on the language to alter the Section 199A tax provision contained in the tax reform law has been reached.

Read the entire story here.

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