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Thune, Hatch Lead Colleagues in Encouraging Administration to Abandon Proposed Estate Tax Regulations
Led by U.S. Sens. John Thune (R-S.D.), a member of the tax-writing Senate Finance Committee, and Orrin Hatch (R-Utah), chairman of the Senate Finance Committee, 41 Senate Republicans today wrote to Treasury Secretary Jacob Lew encouraging the Treasury Department to abandon proposed regulations that would significantly increase the estate tax burden on family farms and businesses. The proposed regulations, if finalized, would contradict long-standing legal precedent and greatly discourage families from continuing to operate and grow their farms and businesses for eventual transfer to future generations.
As a lifelong farmer and rancher, I also understand the importance of reasonable deduction levels for new equipment and have heard repeatedly from producers and business owners across the state who are looking for more certainty with how the federal tax code treats these types of investments. In response, earlier this year the House passed legislation that would permanently increase what is known as Section 179 expensing to provide more certainty for our agriculture producers and small businesses.
Pierre, SD - May 6, 2010 - (RealEstateRama) -- The South Dakota Housing Development Authority’s (SDHDA) Board of Commissioners has approved more...
Pierre, SD - June 5, 2009 - (RealEstateRama) — South Dakota Housing Development Authority (SDHDA) is pleased to announce a new program to assist with downpayment and closing costs. The Advance Tax Credit (ATC) Loan Program allows the borrower(s) to utilize a portion of their First-time Homebuyer Tax Credit for these costs in conjunction with an SDHDA First-time Homebuyer loan.
The South Dakota Housing Development Authority’s Board of Commissioners recently approved more than $2.3 million in Housing Tax Credits and $4.9 million in HOME...