Senate tax extenders package advances

Senate tax extenders package advances

Provisions crucial to ag in tax package include Section 179 expensing and bonus depreciation, plus biodiesel credits.

THE Senate Finance Committee advanced a bill to extend certain tax provisions through 2016 on a bipartisan vote of 23-3. The two-year bill locks the policies in place past the next election, providing more certainty and economic value, according to key congressional members.

The bill incorporates language to promote the production and use of renewable energy, as well as incentives for charitable donations and higher education.

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