SENATOR MITCH MCCONNELL'S LEGISLATION.....THE PROTECTING AMERICAN FARM LANDS ACT.....HAS BEEN SIGNED INTO LAW WITH THE "ONE BIG BEAUTIFUL BILL
ACT".....
MCCONNELL'S BILL REDUCES THE TAX BURDEN ON SELLING FARM LAND.....ENCOURAGING FARMERS TO KEEP THEIR LAND IN AGRICULTURAL PRODUCTION......
CURBING THE LOSS OF FARM LAND ACROSS THE COUNTY......
THE "PROTECTING AMERICAN FARM LANDS ACT" WILL DEFER THE CAPITAL GAINS TAX OVER A FOUR-YEAR PERIOD IF THEY SELL THEIR LAND TO A FARMER WHO
WILL KEEP THE LAND IN AGRICULTURAL PRODUCTION FOR A MINIMUM OF 10-YEARS......
