Tax Extender Bill May Be Punted to Weekend
Anytime you deal with Congress passing legislation you have to become accustomed to possible delays. Earlier our expectations were that the Tax Extender Bill including Section 179 at $500,000 would be passed yesterday. However, Congress is also dealing with a major spending bill which is more important than the tax bill.
Therefore, there is a very good chance the Tax Extender Bill may not get passed until this weekend and perhaps even longer. We will keep you posted.
Paul Neiffer is a certified public accountant and business advisor specializing in income taxation, accounting services, and succession planning for farmers and agribusiness processors. Paul is a principal with CliftonLarsonAllen in Walla Walla, Washington, as well as a regular speaker at national conferences and contributor at agweb.com. Raised on a farm in central Washington, he has been immersed in the ag industry his entire life, including the last 30 years professionally. Paul and his wife purchase an 180 acre ranch in 2016 and enjoy keeping it full of animals.
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