Conforming Section 179 depreciation to federal law could soon be a reality for Minnesota farmers and business owners.
Amanda Bilek is senior public policy advisor for the Minnesota Corn Growers.
“The conformity of Section 179 has been included in Governor Dayton’s tax proposal, the House tax bill that passed last week, and was also included in the Senate tax bill.”
Under current law, Minnesota caps expensing at $25,000 even though the federal level is $1 million.
Continue reading Section 179 conformity a step closer for Minnesota farmers at Brownfield Ag News.
