Stepped-Up Basis

By Aeric Reilly, Southeastern Montana rancher.   It is no secret that family farms face tremendous challenges right now.  Corporate monopolies, a changing climate, rising health care costs and a…

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…

U.S. Senator Steve Daines today led all 50 Senate Republicans in urging President Biden to abandon his effort to impose a tax increase on Montana family-owned businesses, farms, and ranches.…

The number of farms and ranches paying more in taxes would be dramatically higher if proposed tax code changes affecting agriculture become reality. The changes to the tax code that…

The 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…