WASHINGTON – U.S. Senator Jerry Moran (R-Kan.) today applauded the inclusion of a section 199A tax fix in the FY2018 omnibus package.
“This legislation restores the competitive balance in the agricultural marketplace by leveling the tax burden on independent and cooperative farming businesses,” said Sen. Moran. “In Kansas, where grain continues to pile up on the ground, the success of our economy can be directly impacted by how our farmers sell and trade grain. The change will provide tax benefits to farmers as intended under the Tax Cuts and Jobs Act.”
Text of the FY2018 omnibus can be found here, and the section 199A fix can be found on page 2033.