TEXAS FARM BUREAU

Transportation

TFB supports and advocated for the Haulers of Agriculture and Livestock Safety (HAULS) Act by Sens. Fischer, Tester, Wicker and Smith to modernize the agriculture exemption to the hours-of-service rules and provide regulatory relief to producers. TFB opposed legislation that would raise minimum insurance levels for CMVs from $750,000 to $4.9 million. H.R. 3781, known as the INSURANCE Act, would be devastating for small-business truckers who would see their premiums triple within a year.

TargetedSENATE · HOUSE OF REPRESENTATIVES

Taxation/Internal Revenue Code

TFB lobbied for members to co-sponsor and support S. 617/H.R. 1712, Death Tax Repeal Act of 2021 by Reps. Jason Smith, Sanford Bishop and Sen. John Thune. TFB supports this legislation to provide tax relief for farmers and ranchers. TFB supported and advocated for passage of H.R. 2370, the Preserving Family Farm Act of 2021 by Reps. Jimmy Panetta and Jackie Walorski which would allow more farm and ranch land to be valued at is agricultural rather than inflated development value for estate tax purposes. TFB pushed to make tax reform provisions important to farmers and ranchers a permanent part of the tax code. Tax reform is a top priority for TFB and making provisions in the Tax Cuts and Jobs Act permanent is important to TFB members. TFB advocated against negative tax policies in the reconciliation package. Included was advocating against abolishing stepped-up basis, cutting the estate tax exemption rate, narrowing 199A business income deduction, raising the corporate tax rate, and instating a methane tax. TFB continues to fight against using tax increases on agriculture to pay for items in the reconciliation package.