News

Bill Advances to Make Tax Code Changes Permanent

Bill Advances to Make Tax Code Changes Permanent

Photo: WNAX


The House has approved legislation and sent to the Senate a measure to make tax code changes permanent for farmers and ranchers. South Dakota Farm Bureau President Scott VanderWal is pleased with the approval and says it’s something his group has been seeking for some time.

He says one major component the House is calling for making permanent is the 20 percent business tax deduction. VanderWal says that’s important for farmers and ranchers.

VanderWal thinks the legislation the House sent over likely won’t get voted on until the lame duck session of Congress when lawmakers will have several issues on their plate.

VanderWal says having those tax code changes permanent helps give producers certainty going forward.

Recent Headlines

1 week ago in Local

WHAT DOES MARIJUANA RECLASSIFICATION MEAN FOR SOUTH DAKOTA?

SIOUX FALLS, S.D. (Dakota News Now) – President Trump’s executive order to reschedule marijuana from a Schedule 1 to a…

1 week ago in Local

GOVERNOR RHODEN ANNOUNCES $200,000 GRANT SUPPORTING KEEP FARMERS FARMING PROGRAM

SIOUX FALLS, S.D. (Dakota News Now) – On Monday, Governor Rhoden announced a $200,000 grant from the Future Fund for…

1 week ago in Local

ICE’S YEAR IN SOUTH DAKOTA, FROM SMALL TOWNS TO OPERATION: PRAIRIE THUNDER

SOUTH DAKOTA (Molly Wetsch / South Dakota News Watch) – Five months after Operation: Prairie Thunder officially began, the South Dakota…

2 weeks ago in Local

SOUTH DAKOTA STATE ECONOMIST SAYS FARM ECONOMY HAS HELD BACK SALES TAX REVENUES

SIOUX FALLS, S.D. (Joshua Haiar / South Dakota Searchlight) – South Dakota’s State Economist Derek Johnson told the state Banking…

2 weeks ago in Local

STATE SPENDS $43,000 IN TROOPER OVERTIME FOR OPERATION PRAIRIE THUNDER

PIERRE, S.D. (John Hult / South Dakota Searchlight) – The South Dakota Department of Public Safety says a saturation patrol…