The Senate tax bill passed over the weekend does not include a deduction that farm cooperatives lobbied to keep in the tax reform package. The National Council of Farmer Cooperatives (NCFC) says the Domestic Production Activities Deduction, also known as the Section 199 deduction, means farmers may end up paying more taxes. Chuck Conner, NCFC CEO, previously said that Section …
Agriculture Groups Band Together to Support Section 199
More than 180 agricultural groups are coming together to support the Section 199 tax deduction not included in the tax reform proposal. The groups, led by the National Council of Farmer Cooperatives, penned a letter to House Speaker Paul Ryan and Minority Leader Nancy Pelosi opposing the effective repeal of Section 199. By not including the deduction, the House tax …