Corn Growers Welcome Stepped-up Basis Defense

June 3, 2021

Corn Growers Welcome Stepped-up Basis Defense

Jun 3, 2021

Key Issues:Farm Policy

Author: Neil Caskey

U.S. House Agriculture Committee Chairman David Scott (D-GA) sent a letter yesterday to President Biden expressing his concerns to proposed changes in tax policy that would eliminate the stepped-up basis provisions used by farmers. The letter resulted from a conversation Chairman Scott had with the Corn Board last month on taxes and other priorities. 


“We appreciate Chairman Scott’s leadership on preserving the stepped-up basis protections in the tax code for America’s corn farmers and stand ready to help him defend our farms and families from harmful taxation,” said NCGA President John Linder.