NCBA Says One Big Beautiful Bill Provides Certainty

The One Big Beautiful Bill was signed into law over the Fourth of July weekend.  Kent Bacus, executive director of government affairs for the National Cattlemen’s Beef Association, says the BBB has several positives for cattle producers.

“This is a significant win for cattle producers all across the United States, because it delivers certainty on a lot of expiring tax provisions that were making it very difficult to plan businesses and to plan transitions to the next generation,” Bacus noted.

One of the biggest wins for U.S. cattle producers, he said, is certainty surrounding the death tax.

“One of the key provisions there is that this does a lot to provide more certainty regarding the death tax," Bacus said.  "The death tax exemption is increased to $15 million per individual, $30 million per couple, and it's made permanent. And I think that's a key provision, because this isn't something that is set to expire in four or five years. This is permanent.”

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