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Hoeven: Funding Bill Includes Section 199 Agreement
USAgNet - 03/22/2018

Senator John Hoeven, who serves as chairman of the Senate Agriculture Appropriations Committee and on the U.S. Senate Agriculture Committee, Wednesday announced that the Fiscal Year 2018 funding legislation includes an agreement to provide fair tax treatment for agriculture.

"We appreciate the hard work of farm cooperatives and independent dealers to reach a fair and equitable agreement that will prevent unintended consequences from the tax relief law," said Hoeven. "This agreement ensures that farmers and ranchers receive tax relief and maintains the Section 199 provision in a way that provides market equity and prevents market distortions. The agreement is good for agriculture, which is why we worked with House and Senate leadership to include it in the Fiscal Year 2018 funding legislation so that Congress can get it passed as soon as possible."


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