Skip to content
PoliticalRepoPoliticalRepo

United States · Bill · HR

H.R. 1287 (98th)

A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of agricultural commodities received under a payment-in-kind program.

openUnited States· United States Congress· EN

Introduced

7 February 1983

Last action

10 March 1983 · Committee

Status

See H.R.1296.

Sponsors

Rep. Evans, Cooper [R-IA-3], Sen. Roberts, Pat [R-KS], Rep. Leach, James A. [R-IA-2], Rep. Tauke, Thomas Joseph [R-IA-2], Rep. Smith, Virginia [R-NE-3], Rep. Bedell, Berkley W. [D-IA-6], Rep. Stangeland, Arlan [R-MN-7], Rep. Morrison, Sid [R-WA-4], Rep. Marlenee, Ron [R-MT-2], Rep. Bereuter, Doug [R-NE-1], Rep. Martin, Lynn M. [R-IL-16], Rep. Emerson, Bill [R-MO-8], Rep. Whittaker, Bob [R-KS-5], Rep. Daub, Hal [R-NE-2], Rep. Gunderson, Steve [R-WI-3], Rep. Hansen, George V. [R-ID-2], Rep. Thomas, William M. [R-CA-21], Rep. Skeen, Joe [R-NM-2], Rep. Hall, Katie [D-IN-1], Rep. Conable, Barber B., Jr. [R-NY-30], Rep. Roemer, Buddy [D-LA-4], Rep. Hopkins, Larry J. [R-KY-6], Rep. Crane, Daniel B. [R-IL-19], Rep. Franklin, William W. [R-MS-2], Rep. Oxley, Michael G. [R-OH-4], Rep. Marriott, David Daniel [R-UT-2], Rep. Madigan, Edward R. [R-IL-15], Rep. Pashayan, Charles, Jr. [R-CA-17], Rep. Smith, Denny [R-OR-5], Rep. Lagomarsino, Robert J. [R-CA-19], Sen. Shelby, Richard C. [R-AL], Rep. Weber, Vin [R-MN-2], Rep. Kogovsek, Ray [D-CO-3], Sen. Brown, Hank [R-CO], Rep. Bateman, Herbert H. [R-VA-1], Rep. Hillis, Elwood H. [R-IN-5], Rep. Stenholm, Charles W. [D-TX-17], Rep. Edwards, Mickey [R-OK-5], Rep. Winn, Larry, Jr. [R-KS-3], Rep. McEwen, Bob [R-OH-6], Rep. Kindness, Thomas N. [R-OH-8], Rep. Hammerschmidt, John P. [R-AR-3], Rep. Hartnett, Thomas F. [R-SC-1], Sen. Simon, Paul [D-IL], Rep. Fazio, Vic [D-CA-3], Rep. Regula, Ralph [R-OH-16], Rep. Sensenbrenner, F. James, Jr. [R-WI-5], Rep. Gradison, Willis D., Jr. [R-OH-2]

Subjects

Agriculture

Source updated

7 February 2024

Agriculture

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to provide that for taxpayers who receive agricultural commodities under a Federal payment-in-kind program: (1) no income shall be treated as realized by receipt of such commodities; but (2) any gain realized from the sale or exchange of such commodities shall be included in gross income and shall be treated as ordinary income. Treats such commodities as commodities produced on acreage diverted from agricultural use for purposes of the estate tax valuation of farm property.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

  1. 7 February 1983

    Introduced

    Referred to House Committee on Ways and Means.

    Source: IntroReferral

  2. 7 February 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 7 February 1983

    Introduced

    Introduced in House

    Source: IntroReferral

  4. 10 March 1983

    Committee

    See H.R.1296.

    Source: Committee

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

Leesvertaling

Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

Showing 48 of 56 sponsors and actors.

Related records

Sources

PoliticalRepo is an index and interpretation layer, not the authoritative legal source.