Accountant: Change Tax Bill for Farms K-Coe Isom: Some Tax Code Changes Would Hamper Farmers and Ranchers

November 3, 2017

OMAHA (DTN) -- The House tax-reform bill is out for scrutiny and there already are several areas in the legislation that industries want changed, including in agriculture.


The House GOP bill, the "Tax Cuts and Jobs Act," lowers the corporate tax rate from 35% to 20% and creates a new 25% tax rate for pass-through entities. In return, the bill eliminates or puts tighter limits on an array of business deductions and tax credits.