MFB applauds passage of full conformity of Section 179 Small Business Expensing
ST. PAUL — The Minnesota legislature passed HF 1 with bipartisan support. Minnesota Farm Bureau strongly supported the inclusion and passage of full conformity of Section 179 Small Business Expensing.
“Section 179 is a key tool to allow farmers to invest in their businesses and in their rural communities,” said Minnesota Farm Bureau President Kevin Paap. “We appreciate the bipartisan support in both chambers for this important tax tool that provides certainty in the midst of financial challenges in the ag economy. Minnesota Farm Bureau members made it clear to their legislators that this was a priority issue for farmers and ranchers across the state and we are excited to see this finally become a reality.”
Last modified: 10/16/2020