House Passes Tax Package With Smith Proposal

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WASHINGTON, D.C. (AP) – The full House has passed a bipartisan package of tax legislation that Nebraska 3rd District Congressman Adrian Smith of Gering helped shape.

Smith, Ranking Republican on the Ways and Means Subcommittee on Select Revenue, says all Americans deserve a tax code which provides long term certainty, common sense, and relief when they need it most – and this bill provides its.

Among other things, its provisions ensure electric cooperatives maintain their tax status when accessing disaster grants, providing general tax relief to areas hit by disaster, and ensuring several years of tax certainty to producers, refiners, retailers, and consumers who benefit from the biodiesel blender credit.”