04/15/2026 | Press release | Distributed by Public on 04/15/2026 08:53
Today is the first Tax Day since H.R. 1, the Working Families Tax Cuts, was signed into law last July, and corn grower leaders are reflecting on the beneficial tax provisions included in the legislation.
"We are appreciative that several tax provisions in the Working Families Tax Cuts were permanently extended to the benefit of the nation's corn growers," said Ohio farmer and National Corn Growers Association President Jed Bower. "The certainty that comes with these tax provisions is extremely helpful as we navigate some really tough economic times."
NCGA played an active role in successfully advocating for key tax and farm safety net provisions, which were signed into law in July 2025. The now permanent federal tax provisions include the qualified business income deduction, 100% bonus depreciation and the higher estate tax exemption. The bill also extended the Clean Fuel Production or "45z" Credit, which incentivizes use of biofuels in sustainable aviation fuel.
Bower said the law tackled many of the organization's previous tax priorities, allowing grower leaders to focus on policies that will help grow the agriculture economy.
"Now that we have the stable foundation with federal tax policy, corn farmers can continue working with Congress on policies that will build immediate and long-term demand growth for corn and ethanol," Bower said. "These policies include a tax incentive for biobased materials that would expand domestic manufacturing and year-round E15, which would help improve corn prices and save Americans money at the pump."