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Lawmakers rush to pass bills as session closes

As the California legislature wraps up the 2019 session Sept. 13, lawmakers push to pass bills that will have a significant impact on agriculture and businesses in the state, including Senate Bill 1, Senate Bill 54, Senate Bill 468 and Assembly Bill 5.

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HBK Partnership Announcement

Far West Equipment Dealers Association welcomes HBK Financial Consultants to our Preferred Provider Program. Preferred Providers are screened and approved to support FWEDA dealers with incentivized products and services. FWEDA welcomes HBK Financial Consultants to our Preferred Provider Program.

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California Tax Laws Update

On July 1, California Governor Gavin Newsome signed Assembly Bill 91 into law, selectively conforming California’s tax laws to certain changes made under the Tax Cuts and Jobs Act of 2017 (TCJA) limiting like-kind exchanges of real property after Jan. 10, 2019. California state tax law does not automatically mirror federal tax law.

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Farmers’ Interest in Big Purchases Improves Significantly

Farmer sentiment improved again in July as the Ag Economy Barometer jumped to a reading of 153, an increase of 27 points compared to June. The index that measures farmers sentiment related to making large investments enjoyed the biggest two-month upswing since data collection began in 2015.

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FWEDA Offers Sales Tax Assistant for Members

Although the landmark Wayfair ruling provides for a more even-handed application of the sales tax laws for brick-and-mortar retailers, its impact is projected to cost equipment dealerships an average $100,000 for compliance.

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Manufacturing Rebounds With Job Gain of 17,000 in June

Manufacturing posted a gain of 17,000 jobs in June, with durable goods accounting for the bulk of the increase. The result represented a rebound from four consecutive months of small gains or job losses. Makers of durable goods, products intended to last three years or longer, added 12,000 jobs last month, according to a breakdown by industryreleased…

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U.S. Chamber Letter on H.R. 582

In the near future, the U.S. House of Representatives is expected to consider the Raise the Wage Act (H.R. 582), which would more than double the federal minimum wage to $15 per hour. While the U.S. Chamber of Commerce is willing to work with members of Congress to develop a legislative package that includes an…

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