New York Farm Bureau Says Estate Tax a Top Priority
The New York Farm Bureau says its top legislative priorities this year include raising the exemption threshold on the state’s estate tax from $1 million to $5.25 million, The Associated Press reported. Three thousand farms are above the $1 million mark and may be land rich but cash poor. The proposal will allow the next generation to keep farming. Nearly 200,000 jobs in New York are in farming.
This article appeared in print on page 5 of edition of Hamodia.
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