Committee approves tax deduction for Farmers Bridge Assistance payments
House Bill 1159 would let farmers exclude payments received under a federal bridge assistance program from state taxable income. The committee passed the bill by voice vote after the sponsor explained the covered row and specialty crops and answered clarifying questions.
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The Ways & Means Committee passed House Bill 1159 on a voice vote. Leader Gamble said the bill would provide farmers with a state income-tax deduction equal to payments received through the Farmers Bridge Assistance Program, bringing parity with prior disaster-relief exemptions so farmers can retain the full federal payments for recovery and operating costs.
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