Dairy industry calls for Senate to extend Section 179

Michael Marsh, CEO of Western United Dairymen (WUD), also supports the Section 179 extension. “Year-end tax planning is jeopardized by the delay in extending these common-sense provisions that boost the U.S. economy and put Californians back to work,” Marsh says. WUD is a California-based trade group that represents more than 60% of the milk produced in the Golden State. WUD and IDA, together with 40 other agricultural groups, urged the House of Representatives last month to restore Section 179, allowing farms and dairies to write off capital purchases instead of depreciating them over time. <more>

Dec. 9, 2014 Dairy Today