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House Agriculture Committee Chairman Frank Lucas and Ranking Member Collin Peterson recently announced their appointments to the committee for the duration of the 113th Congress.
Chairman Lucas' announcement included only eight new appointments, five of which are freshmen. These appointments include Reps. Dan Benishek (MI-1), Jeff Denham (CA-10), and Rep. Mike Rogers (AL-3), along with incoming freshman Chris Collins (NY-27), Rodney Davis (IL-13), Richard Hudson (NC-8), Doug LaMalfa (CA-1), and Ted Yoho (FL-3).
Chairman Lucas also recently announced the creation of two new subcommittees including the Livestock, Rural Development and Credit Subcommittee along with the Horticulture, Research, Biotechnology and Foreign Agriculture Subcommittee. These committees will be headed up by Reps. Rick Crawford and Austin Scott respectively. For more details on subcommittee leadership, click here.
For the last two years about this time, I provided the basic tax depreciation/expense rules that can help salespeople in making new and used equipment sales before year end. Because of some changes, it is timely to revisit these rules.