NCBA Endorsed Disaster Tax Relief Bill Passes Senate

Today, the National Cattlemen’s Beef Association (NCBA) thanked the U.S. Senate for passing the Federal Disaster Tax Relief Act (H.R. 5863). In addition to providing much needed relief to victims of hurricanes, this legislation would provide tax relief for cattle producers who received payments due to wildfires. Previously, these payments counted as taxable income, meaning producers who already suffered from disasters were hurt again by having their relief payments taxed.

“It is heart breaking to see your farm or ranch destroyed by a disaster and it only...

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