Adams, Kildee, Scott Introduce House Bill Eliminating Tax Liability for Inflation Reduction Act Assistance to Farmers
Written by Black Hot Fire Network on September 7, 2023
WASHINGTON, D.C. (September 6, 2023) – Congresswoman Alma S. Adams, Ph.D. (NC-12) and U.S. Representatives Dan Kildee (MI-08) and Bobby Scott (VA-03) today introduced the Family Farmer and Rancher Tax Fairness Act of 2023, legislation that would remove the tax liability for distressed farmers on the assistance provided under Sections 22006 and 22007 of the Inflation Reduction Act (IRA). Currently, farm loan borrowers who are already at financial risk are facing tax liability on the IRA assistance.
