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…
After months of gridlock, late last Friday Congress passed the bipartisan $1.2 trillion Infrastructure Investment and Jobs Act, which includes $555 billion in new funding for mostly “traditional” infrastructure (roads, bridges, etc.). However, the term “forest” is mentioned almost 200 times in the bill, making one thing clear – both parties agree that trees are…
[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…