Deal targets incidental tax break

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March 15, 2018 - 12:27 PM

MINNEAPOLIS (AP) — Congressional committees and farm groups have crafted language to fix a provision in the federal tax overhaul that gave an unintended tax advantage to farmers who sell their crops to cooperatives instead of other buyers. Both sides now hope to include it in a massive spending bill.

The deal announced Tuesday is meant to keep the playing field level between co-ops and other crop buyers, ranging from independent local grain companies to agribusiness giants such as Cargill and ADM.

 

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