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Sep 03, 2015
The American Soybean Association (ASA) signed on to a tax extenders coalition letter this week, supporting several priorities for soy growers, including extension of the biodiesel tax credit, the higher Section 179 expensing limits and the continuation of the 50 percent bonus depreciation for equipment purchases.
The Senate Finance Committee passed a tax extenders package that’s awaiting consideration by the full Senate. The House Ways & Means Committee passed individual bills addressing some of the expired tax provisions, but has given no indication of their timetable for considering a broader package.
More than 700 organizations signed the coalition letter. See the full text here.
