Created: 11/27/12 (Tue) | Topic: Issues
Estate taxes subject of Action Alert
We have posted a new Action Alert pertaining to estate taxes. Congress will need to address estate taxes during the lame duck session, or farmers will be facing a serious tax blow.
On January 1, 2013, unless action is taken, the estate tax exemption will shrink for $5 million to $1 million and the top rate will go from 35 percent to 55 percent. This will impact almost 10 times the number of farms and ranches than were impacted in 2009.
To contact our Congressional delegation and ask them to keep the estate tax rate at $5 million and the top rate at 35 percent, please use our Action Alert program.