Estate Tax Reduction Act |
Rep. Jodey Arrington( R-TX) |
This bill would cut the federal estate tax, or Death Tax, rate in half so it becomes less of a burden on cattle producers. NCBA supports fully repealing the Death Tax, but until we can get there, we will continue pushing for lower tax rates. |
Introduced |
Fix Our Forests Act |
Rep. Bruce Westerman( R-AR) |
This bill supports livestock grazing as a tool to reduce the risk of catastrophic wildfire. |
Passed in House |
ACRES Act |
Rep. Tom Tiffany( R-WI) |
This bill requires the Departments of Agriculture and the Interior to accurately report their activity on reducing hazardous wildfire fuels in the West. This provides important information to the public and holds agencies accountable for reducing wildfire risk. |
Passed in House |
Farm and Food Cybersecurity Act |
Rep. Brad Finstad( R-MN), Rep. Jill Tokuda( D-HI), Rep. Don Bacon( R-NE), Rep. Sharice Davids( D- KS), Sen. Tom Cotton( R-AR), Sen. Elissa Slotkin( D-MI) |
This bill directs the Secretary of Agriculture to assess cybersecurity threats impacting agriculture and work with law enforcement agencies to reduce cybersecurity risks. |
Introduced |
Main Street Tax Certainty Act |
Rep. Lloyd Smucker( R-PA), Sen. Steve Daines( R-MT) |
This bill would permanently extend the Section 199A tax deduction that allows small businesses, like cattle operations, to take a 20 % deduction for pass-through income. This is a key priority for NCBA. |
Introduced |
Small Business Growth Act |
Sen. John Barrasso( R-WY), Rep. Blake Moore( R-UT) |
This bill doubles the Section 179 tax deduction limit to allow cattle producers to deduct the cost of business equipment and supplies from their annual income, up to $ 2 million. |
Introduced |
ALIGN Act |
Rep. Jodey Arrington( R-TX), Sen. James Lankford( R-OK) |
This bill expands cattle producers’ access to bonus depreciation, which allows for further tax deductions on business expenses. |
Introduced |