Congress tweaks bankruptcy code to protect farmers from taxes
Story Date: 10/27/2017

 

Source: Chris Clayton, PROGRESSIVE FARMER, 10/25/17



Not that this is a situation any farmer wants to find themselves in, but Congress on Tuesday gave final approval to a change in bankruptcy law to help farmers deal with the Internal Revenue Service. The Family Farmer Bankruptcy Clarification Act, sponsored by Sens. Charles Grassley, R-Iowa, and Al Franken, D-Minn., was attached to an appropriations package that breezed through the U.S. Senate on a 82-17 vote.

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