For Immediate Release
January 11, 2011
Editors: The following statement may be attributed to the Ohio Farm Bureau Federation
COLUMBUS, Ohio (OFBF) – The Ohio Farm Bureau Federation (OFBF) supports efforts by the Ohio General Assembly to eliminate the Ohio estate tax.
On average, 84 percent of farm assets are real-estate based. Burdensome estate taxes can cause the loss or break-up of family farms when heirs are forced to sell assets to pay the tax and/or administrative costs.
Elimination of the state estate tax, coupled with significant federal estate tax reforms, will allow additional generations to keep their land in farming, strengthen the rural economy and preserve Ohio’s agricultural heritage.
CONTACT: Joe Cornely
PHONE: (614) 246-8230