The Dec. 31, 2025, expiration of many provisions of the 2017 Tax Cuts and Jobs Act (TCJA) adds a new task to the 2025 congressional to-do list: updating the tax code. Many TCJA provisions provided important relief for farm …
Estate Tax
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Montana Stockgrowers Advocates for Producer Profitability in Washington D.C.
by Colter BrownThis spring, the Montana Stockgrowers Association (MSGA) took two trips to Washington D.C. to continue carrying the message of Producer Profitability to Congress. MSGA leadership and staff met with Montana’s …
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Legislation Introduced to Permanently Repeal the Death Tax
by Colter BrownU.S. Senate Majority Leader John Thune (R-S.D.) today led 45 of his Senate colleagues in reintroducing legislation that would permanently repeal the federal estate tax, commonly known as the death …
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Improving the Tax Climate and the Upcoming Death Tax Sunset
by Colter Brownby Monty Lesh – Montana Stockgrowers Association 2nd Vice President Passing family farms and ranches on to the next generation is challenging, and future changes to federal inheritance tax could …
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NCBA Survey Shows Urgent Need for Tax Relief to Protect Family-Owned Cattle Operations
by Colter BrownThe National Cattlemen’s Beef Association (NCBA) released a report analyzing data collected in a nationwide tax survey of America’s cattle producers. With the 2017 Tax Cuts and Jobs Act set …
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U.S. Sen. John Thune (R-S.D.), ranking member of the Subcommittee on Taxation and Internal Revenue Service Oversight, led 40 of his Senate colleagues, including Republican Leader Mitch McConnell (R-Ky.) and …
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SPONSORED- By Ramona Johnson, CPA Many people think estate planning is not necessary, that it is only for those of us that are getting older or those fortunate enough to be …
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South Dakota Senator John Thune and Steve Daines of Montana, both members of the Senate Finance Committee say that Senate Democrats have flip-flopped on the elimination of the stepped-up basis …
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Farm Bureau Opposes Elimination of Stepped-Up Basis and New Capital Gains Taxes at Death
by Colter BrownThe American Farm Bureau Federation is speaking out against the recent proposals by several lawmakers to tax unrealized capital gains at death and roll back the stepped-up basis on those …
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The Death Tax Repeal Act of 2021 was introduced this week in both the U.S. Senate and House by U.S. Senator John Thune of South Dakota and U.S. Representatives Sanford …