President Biden recently released his $5.8 trillion fiscal year 2023 (FY23) budget proposal, which he plans to fund through tax hikes that may impact private forest landowners. The budget proposal relies heavily on an annual 20% tax on taxpayers with income and assets exceeding $100 million. While the tax is being dubbed as a “billionaires…
Family-owned and operated businesses face several challenges when transitioning to the next generation of ownership, including navigating the tax code. As recent jobs reports indicate, the economy remains on delicate footing, and at a time when many families and private forestry businesses are still struggling with disaster recovery and flat stumpage prices, several proposals put…
FOR IMMEDIATE RELEASE September 21, 2021 Senators Warnock and Cassidy Emerge as Champions of Nations Forest Landowners WASHINGTON, DC – In the midst of Hurricane season and with wildfires still raging in the pacific northwest, the nation’s forest landowners are holding their breath hoping for a fix in tax code to help them recover after…
FOR IMMEDIATE RELEASE June 29, 2021 Bipartisan Tax Legislation Introduced to Help Forest Landowners Recover After Natural Disasters WASHINGTON, DC –The Forest Landowners Association (FLA) applauds the introduction of bi-partisan H.R. 4210: The Disaster Reforestation Act, sponsored by Rep. Terri Sewell (D-AL-07) and Buddy Carter (R-GA-01), which allows family and private timber growers to recover…
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″ global_colors_info=”{}”][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” global_colors_info=”{}”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” global_colors_info=”{}” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”4.11.3″ background_size=”initial” background_position=”top_left” background_repeat=”repeat” hover_enabled=”0″ global_colors_info=”{}” sticky_enabled=”0″] On May 28, the U.S. Treasury Department released the Green Book, which outlines specific tax provisions the Biden Administration seeks to enact this year. In addition to raising taxes, proposals call…
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”]WASHINGTON, D.C. – American timber farmers’ concerns about recovering and replanting their forests after natural disasters were presented to the U.S. Senate Committee on Finance last week during an open executive session on the “Clean Energy for America…
In conjunction with President Biden’s first 100 days in office, FLA hosted a “First 100 Days” webinar series to keep our members informed on the executive, congressional, and regulatory actions that impact private forest ownership and management. Each monthly installment in the series served to update our members on the topics they care about most:…
[et_pb_section fb_built=”1″ admin_label=”section” _builder_version=”3.22″][et_pb_row admin_label=”row” _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text admin_label=”Text” _builder_version=”3.27.4″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] As America celebrates Earth Day and Congress looks to trees as a solution to climate change, we are urging lawmakers to revise a provision in the IRS tax code on timber losses caused by natural disasters. The…
[et_pb_section fb_built=”1″ _builder_version=”4.5.5″][et_pb_row _builder_version=”3.25″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”][et_pb_column type=”4_4″ _builder_version=”3.25″ custom_padding=”|||” custom_padding__hover=”|||”][et_pb_text _builder_version=”4.5.5″ background_size=”initial” background_position=”top_left” background_repeat=”repeat”] From Main Street to the Forests, Tax Certainty is Essential FLA is urging Congress to make permanent the Section 199A 20-percent deduction for pass-through businesses permanent by passing the Main Street Tax Certainty Act. For forestry businesses setup as pass-through…