A bill to encourage the establishment of wind erosion control and wildlife habitat areas which meet standards prescribed by the Secretary of Agriculture.

Summary

Amends the Internal Revenue Code to allow as a credit against the income tax an amount equal to the qualified land conservation expenditures paid or incurred by the taxpayer. Defines "qualified land conservation expenditures" as any amount paid or incurred by the taxpayer to establish a wind erosion control and wildlife habitat area on land which was previously used for the production of agricultural products or for the sustenance of livestock. Limits the amount of such credit to the tax due minus the amount of other specified credits.

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Timeline

1. 1 July 1976

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 1 July 1976

   Introduced

   Introduced in House

   Source: IntroReferral

3. 1 July 1976

   Introduced

   Introduced in House

   Source: IntroReferral

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 · 1 July 1976

  Open at official source

Sponsors

• Chuck Grassley · R · Sponsor
• · hswm00 · Standing

Related records

• related to ← A bill to encourage the establishment of wind erosion control and wildlife habitat areas which meet standards prescribed by the Secretary of Agriculture.