Last night, the Senate voted 76-16 to pass HR5571, tax extenders legislation. This allows farmers to write off capital expenditures in the year that the purchases are made rather than depreciate them overtime.
Also included was the long-awaited 9 cent increase to the barge fuel tax, which should speed up the process for upgrading our locks & dams!
IT’S A MERRY CHRISTMAS AFTER ALL!
Read our entire Christmas list here!