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Expansive ranch and farm properties like the one in southern Lampasas County where this field resides could become subject to increased estate taxation when IRS exemptions expire in 2025. alexandria randolph | dispatch record
Individuals, family partnerships and family corporations own over 98% of our nation’s more than two million farms and ranches, but how long will that last?With estate tax exemptions and eliminations reaching the ears of the United States Congress this session, that question appears to be at the forefront of the minds of federal lawmakers.Estate tax exemptions established by the passage of the…