U.S. Senator Pat Roberts (R., Kan.) has joined Sens. Amy Klobuchar (D., Minn.) and Jon Tester (D., Mont.) to introduce the bipartisan Agriculture Equipment and Machinery Depreciation Act to help farmers purchase new equipment and replace worn-out machinery by amending the U.S. tax code to permanently set a five-year depreciation schedule for certain agricultural equipment.
The current tax code sets a seven-year depreciation cost recovery period for agricultural equipment. Changin
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