To amend the Internal Revenue Code of 1986 to provide an exclusion for gain from sale of farmland which is similar to the exclusion from gain on the sale of a principal residence.

Summary

Amends the Internal Revenue Code to provide an exclusion from gross income of gain from the sale of qualified farm property similar to the exclusion of gain on the sale of a principal residence. Excludes from gross income up to $500,000 ($250,000 in the case of a married individual filing a separate return), reduced by the aggregate amount of gain excluded for all preceding taxable years.

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

Timeline

1. 21 April 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 21 April 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 21 April 1999

   Introduced

   Introduced in House

   Source: IntroReferral

4. 4 May 1999

   Introduced

   Sponsor introductory remarks on measure. (CR H2562)

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 21 April 1999 · Download file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 21 April 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 21 April 1999

  ViewDownloadOpen at official source

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• Introduced in House

  summary · EN · 21 April 1999

  Open at official source

  Leesvertaling

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

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

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

Sponsors

• Rep. Barrett, Bill [R-NE-3] · R · Sponsor
• Rep. Pomeroy, Earl [D-ND-At Large] · D · Sponsor
• Rep. Shows, Ronnie [D-MS-4] · D · Cosponsor
• Rep. Frost, Martin [D-TX-24] · D · Cosponsor
• Sen. Sununu, John E. [R-NH] · R · Cosponsor
• Rep. Thurman, Karen L. [D-FL-5] · D · Cosponsor
• Rep. Goode, Virgil H., Jr. [R-VA-5] · D · Cosponsor
• Rep. Gekas, George W. [R-PA-17] · R · Cosponsor
• Rep. Hostettler, John N. [R-IN-8] · R · Cosponsor
• Rep. Skelton, Ike [D-MO-4] · D · Cosponsor
• Rep. Miller, Gary G. [R-CA-42] · R · Cosponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Cosponsor
• Rep. Goodling, William F. [R-PA-19] · R · Cosponsor
• Rep. Emerson, Jo Ann [R-MO-8] · R · Cosponsor
• Rep. McIntosh, David M. [R-IN-2] · R · Cosponsor
• Rep. Minge, David [D-MN-2] · D · Cosponsor
• Rep. Hastings, Doc [R-WA-4] · R · Cosponsor
• Rep. Gordon, Bart [D-TN-6] · D · Cosponsor
• · hswm00 · Standing

Related records

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