To amend the Internal Revenue Code of 1986 to exempt farm equipment and other property used in farming from the requirement that all gain on the sale of such property be recognized in the year of the sale.

referredUnited States· United States Congress· EN

Introduced

15 July 1999

Last action

—

Status

Referred to the House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to exempt the installment sale of depreciable farm property from the requirement of year-of-sale gain (recapture) recognition.

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Documents

3 official files

Introduced in House (text)

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Introduced in House (text)
Introduced in House · EN · 15 July 1999
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Introduced in House (PDF)
Introduced in House · EN · 15 July 1999
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Introduced in House
summary · EN · 15 July 1999
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Official source: https://www.congress.gov/bill/106th-congress/house-bill/2537
Open data entity: https://api.congress.gov/v3/bill/106/hr/2537