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Farm Disaster Tax Cut Act Legislation by Sen. Ossoff Analyzed

Bailey Malota

WASHINGTON, May 20 -- The Farm Disaster Tax Cut Act, originally introduced by Sen. Jon Ossoff, D-GA, on May 12, 2026, has been analyzed by the Congressional Research Service. The bill aims to amend the Internal Revenue Code to exclude crop insurance indemnity payments from gross income, offering critical financial relief to farmers facing losses.

This legislation comes at a time when agricultural communities have increasingly been affected by climate-related disasters and market . . .

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