“America’s farmers and ranchers need reliable tax tools to help them stay competitive in spite of changing weather and fluctuating markets. With the passage of H.R. 636, America’s Small Business Tax Relief Act of 2015, Congress is one step closer to securing Section 179 small business expensing permanently.

“Farmers and ranchers are continually upgrading and adapting to make their businesses more efficient and profitable. Thanks to the immediate expensing that Section 179 allows, farmers and ranchers can put money right back to work by purchasing new equipment and technology with cash instead of taking on unnecessary debt and expenses.

“Temporary fixes and extensions to the tax code are just not enough. Setting the maximum deduction at $500,000, rather than the current rate of $25,000, would give small businesses the certainty they need to invest in the future.”