Senate Panel OKs Tax-Extenders Bill

Section 179 Would Receive Two-Year Extension

Todd Neeley
By  Todd Neeley , DTN Staff Reporter
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A bill passed by the Senate Finance Committee on Tuesday would provide a two-year extension of the $500,000 cap on Section 179 expensing as well as the 50% bonus depreciation. Both provisions are expected to better help farmers plan ahead on farm equipment purchases. (DTN file photo by Jim Patrico)
A bill passed by the Senate Finance Committee on Tuesday would provide a two-year extension of the $500,000 cap on Section 179 expensing as well as the 50% bonus depreciation. Both provisions are expected to better help farmers plan ahead on farm equipment purchases. (DTN file photo by Jim Patrico)
The U.S. Senate Finance Committee on Tuesday passed a bill that would provide key extensions to a variety of tax measures important to agriculture.

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Todd Neeley

Todd Neeley
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Connect with Todd:
@DTNeeley