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.

Summary

Amends the Internal Revenue Code to permit farmers who participate in a Federal payment-in-kind program to elect to treat commodities they receive as income in the year of receipt or the year of sale. Provides that farmers participating in a payment-in-kind program do not forfeit eligibility for the special use valuation provisions for farm property.

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

Timeline

1. 15 February 1983

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 15 February 1983

   Introduced

   Introduced in House

   Source: IntroReferral

3. 15 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

• Introduced in House

  summary · EN · 15 February 1983

  Open at official source

Sponsors

• Rep. de la Garza, E. [D-TX-15] · D · Sponsor
• Rep. Foley, Thomas S. [D-WA-5] · D · Sponsor
• Rep. Glickman, Dan [D-KS-4] · D · Sponsor
• Rep. Bedell, Berkley W. [D-IA-6] · D · Sponsor
• Rep. Dorgan, Byron L. [D-ND-At Large] · D · Sponsor
• · hswm00 · Standing

Related records

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