NAWG calls on Congress to act on tax extenders

This week, NAWG joined a broad coalition of more than 2,000 companies, associations, and organizations in writing to members of the U.S. House of Representatives and Senate urging Congress to act immediately to extend, enhance or make permanent expired and expiring tax provisions that are important for agricultural producers across the country. Provisions, including Section 179 expensing and bonus depreciation, expired at the end of last year, though there have been efforts underway to retroactively extend those provisions to cover this year and next year. Earlier this summer, the Senate Finance Committee approved tax extenders legislation, which included Section 179 and bonus depreciation; however, the full Senate has not yet acted. NAWG continues to advocate for Congressional action to extend these provisions, and also urges Congress to act on comprehensive tax reform to give long-term certainty to producers. To read the full letter click here