The following is a statement made Tuesday, March 14, from North Dakota farmer Kevin Skunes, president of the National Corn Growers Association (NCGA), in response to the Legislation Amending Section 199A:
“We are pleased with the outcome of the recent negotiations to craft a solution for Section 199A of the Tax Cuts and Jobs Act. This agreement is extremely important for addressing the provision’s unintended consequences and restoring certainty to the marketplace for farmers. NCGA has supported coalition efforts to replicate the tax benefits of the original Section 199 within the tax reform bill. We greatly appreciate the work of Senators John Hoeven (R-North Dakota) and John Thune (R-South Dakota) along with the leadership of House Ways and Means Committee Chairman Kevin Brady (R-Texas) and Senate Finance Committee Chairman Orrin Hatch (R-Utah) to develop this critical legislation. NCGA urges the Congress to adopt the proposed changes with bipartisan support later this month.”