The Ohio Department of Taxation has released the 2021 CAUV tax values for counties in a reappraisal or update this year, and results show about a 25% decrease from the previous valuations in 2018.
Recently, legislation proposed in Congress would tax capital gains at death and eliminate stepped-up basis as a way to raise revenue for government spending.
Sen. Sherrod Brown hosted a virtual roundtable with Ambassador Katherine Tai, 19th United States Trade Representative, and Ohio farmers, workers and manufacturers to discuss the impact of trade policy on Ohio communities.
Topics include capital gains and stepped-up basis, the policy development process and the pandemic’s impact on rural health care now and in the future.
Members are encouraged to write to their members of Congress, urging their support for the continued use of stepped-up basis.
How could the proposed STEP Act impact your farm? Our friends at Wright & Moore share all the important facts and some recommended actions.
Ty Higgins discusses the implications of these changes in the tax code with Ohio Farm Bureau Policy Counsel Leah Curtis.
The Farm Bureau-backed Death Tax Repeal Act of 2021 (H.R. 1712, S. 617) was introduced in the House and Senate in March.
Ohio Farm Bureau is keeping an eye on any proposals that would be detrimental to stepped-up basis tax policy.
There is nothing like the feeling of driving off the dealership lot in a brand new or new to you vehicle. Very few things can take that feeling away, but nothing could take that smile off your face like the…