(AUDIO) NCBA Urges Producers to Take Action Now on Proposed Estate Tax Regulations

The National Cattlemen’s Beef Association along with more than 3,800 organizations and family-owned enterprises  recently sent a letter to Treasury Secretary Jacob Lew adamantly opposing and asking for withdrawal of the newly proposed estate tax regulations by the Department of Treasury. The proposed regulations under section 2704 of the Internal Revenue Code would permanently change estate planning for families that own a controlling interest in a privately-held entity.

The comment period ends November 2nd and comments can be submitted at https://www.regulations.gov/docket?D=IRS-2016-0022

Danielle Beck, Director of Government Affairs with NCBA, talks below about this will mean for family farms and ranches.