Arizona Agriculture Pleased with House Vote to Repeal Estate Tax
By Julie Murphree, Arizona Farm Bureau: Last week, the U.S. House of Representatives passed H.R. 1105, legislation that repeals the estate tax. This was a significant vote because the House has not voted on the repeal of estate taxes in 10 years. Removing the “death tax” as its better known
Jerry Kennedy with
Kennedy's family farm is an example of what a large percentage of family farms and ranches face across the United States when it comes to Estate Taxes. According to the USDA, 97% of our nation's farms and ranches are family owned and operated.
Voting in favor of estate tax repeal
Attention now turns to the Senate companion legislation, S. 860. Senator Jeff Flake is a co-sponsor