WASHINGTON, May 12 -- Sen. Jon Ossoff issued the following press release:
U.S. Senator Jon Ossoff is introducing legislation to cut taxes for Georgia farmers.
Today, Sen. Ossoff introduced the Farm Disaster Tax Cut Act to provide eligible farmers with a tax cut after natural disasters, revenue losses, or pest outbreaks.
The bill would exclude crop insurance indemnity payments, which are made to farmers after they face qualified losses, from farmers' taxable income after natural disasters, revenue losses, or pest outbreaks.
"Georgia's farmers are the cornerstone of our state's economy and many of our communities. After facing soaring costs from Hurricane Helene, recent droughts, and other outbreaks, they are in desperate need of relief,"...