Category Archives: Tax Issues

April 29, 2022 Weekly Round Up

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It is hard to believe we have reached the end of April, but here we are!  Lots of agricultural law news happening around the country. *Article highlights nuance with 10% cap on residence homestead tax.  My colleague, Dr. Blake Bennett, recently published a fact sheet looking at a nuance within the Texas Property Code related to the 10% cap on the yearly increase for residence homestead taxes in Texas.  The Texas Property Code places a 10% limitation on the amount a County Appraisal District may increase the appraised… Read More →

April 15, 2022 Weekly Round Up

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It has been another busy couple of weeks in the agricultural law world.  Here are some of the stories in the news. *Important property tax deadlines approaching for Texas landowners.  Don’t forget there are important property tax deadlines this month for many Texas landowners receiving open space tax valuation. This includes filing an application for ag use, open space, or wildlife management valuation, changing land from open space to wildlife management use, and any new purchasers of land who intend to continue receiving open space valuation. [Read more here.]… Read More →

April 1, 2022 Weekly Round Up

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Happy April! We’ve got lots of happenings in the agricultural law world today. *US Supreme Court will hear case challenging constitutionality of California’s Proposition 12. The United States Supreme Court has granted the Petition for Certiorari in National Pork Producers Council v. Ross, a case challenging the animal confinement provisions and corresponding product sales limitations imposed on pork producers. Lower courts dismissed the challenge brought by the National Pork Producers Council and American Farm Bureau Federation claiming that the law runs afoul of the Constitution. [Read article here.]… Read More →

December 17, 2021 Weekly Round Up

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Here we are with our final Weekly Round Up of 2021!   It has been quite the year. We will have our annual nationwide and Texas-specific year-in-review blog posts coming up over the next couple of weeks, and we recently released an Ag Law in the Field Podcast episode recapping the year from an ag law perspective here. Here are some recent news stories that may be of interest. *EPA considering modifications to dicamba approval, but offers no timeline.  A senior regulatory specialist with EPA stated that “the agency… Read More →

September 24, 2021 Weekly Round Up

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>Hello and Happy Friday!  We’re back with an Ag Law Weekly Round Up to catch you up on some of the ag law stories over the past month. *EPA Administrator discusses dicamba, WOTUS, and ag advisor.  Recently, EPA Administrator, Michael Regan, spoke at the NASDA national meeting.  He indicated that the EPA is currently working on a new version of the “waters of the United States” definition pursuant to the Clean Water Act, and he expects for the initial proposed draft to be released in November.  He did… Read More →

August 27, 2021 Weekly Round Up

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We’ve made it through another week!  I know many of you are new readers thanks to my surprisingly popular post on Monday about brand registrations.  If you missed that post, click here. Here is a look at some of the ag law stories recently in the news. * Appellate courts rule on three “ag gag” statutes.  I am going to have a more detailed blog post on this coming in the next couple of weeks, but there have been three decisions from federal appellate courts related to “ag… Read More →

AFPC Analyzes Proposed Tax Change Impact on Representative Farms

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The Agricultural and Food Policy Center at Texas A&M University recently released a report looking at the likely impacts of proposed changes to the estate and capital gains taxes. [View Report here.]  Specifically, the report analyzed the impact that changes to the lifetime exclusion for estate taxes and the elimination of the stepped up basis for capital gains taxes would have on the AFPC’s 94 representative farms.  The results were clear in showing that for the representative farms, the proposed policy changes would greatly increase tax liability. Estate… Read More →

Talking Taxes: Capital Gains Tax

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Today, we are wrapping up our three-part blog series, Talking Taxes.  Be sure you didn’t miss our prior posts on the estate tax and gift tax.  Today, we will tackle the topic of capital gains taxes. I’ll offer the same two disclaimers as I have on the prior posts in this series.  I am not a tax lawyer, CPA, or accountant.  I’m here to offer just basic information, but highly recommend that you consult with your attorney and tax professional for further advice or clarification.  Second, there has… Read More →

Talking Taxes: Gift Tax

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Today, we will continue our three-part Talking Taxes series with a discussion of the federal gift tax.  If you missed our first post discussing the estate tax, click here. As I did last week, I want to offer two disclaimers.  The first is that I am not a CPA or an accountant.  I’m here to offer just basic information, but highly recommend that you consult with your attorney and tax professional for further advice or clarification.  Second, there has been a lot of talk from Washington, DC, about… Read More →

May 21, 2021 Weekly Round Up

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Welcome to Friday! I hope everyone has fun weekend plans.  I will be running a Dinosaur 5K with my kids tomorrow, so we will see how Mama survives with a 4 and 5 year old in tow! Here are some of the biggest ag law stories in the news over the past couple of weeks. *Potential tax policy changes cause concern.  President Biden’s administration has indicated there may be policy changes related to capital gains taxes that have caused concern for many agricultural groups. In particular, President Biden’s… Read More →