Chad Leman of Leman Farms said taxes are an ongoing issue for the future of farming in Illinois. “We continue to deal with estate planning and how do we pass these farms on to the next generations. How can we make it tax-friendly to do so? That will need to be addressed at the state level,” he said.
Might I suggest that any estate tax relief be passed to all taxpayers and not just a carve out for the farmers who already get a pretty nice real estate tax break as it is.
Might I suggest that any estate tax relief be passed to all taxpayers and not just a carve out for the farmers who already get a pretty nice real estate tax break as it is.
You are 100% right.