JOHANNS’ NEW GOAL: GET FARMERS USING THE R&D TAX CREDIT:
Farmers have a lot on their wishlist for tax reform, should Congress ever get to it, but former Agriculture Secretary Mike Johanns says many in agriculture aren’t taking advantage of a key credit already available to them. The former Nebraska governor, who led the USDA under President George W. Bush before serving a stint in the Senate, is on a mission to get farmers to use the federal R&D tax credit. That provision provides a dollar-for-dollar credit when a business tries something new in its operation, Johanns told MA.
The provision isn’t […]