Omnibus Spending Bill Would Fix Tax Law’s ‘Grain Glitch’
The "grain glitch" is an unintended consequence of the Tax Cuts and Jobs Act, P.L. 115-97, that creates an incentive for producers to sell to agricultural cooperatives rather than to private buyers, according to lawmakers.
The Consolidated Appropriations Act, 2018, would amend Internal Revenue Code § 199A, enacted by the TCJA, which created a...
To view the full article, register now.