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United States · Bill · HR

H.R. 3251 (104th)

To amend the Internal Revenue Code of 1986 to expand the applicability of the first-time farmer exception.

referredUnited States· United States Congress· EN

Introduced

16 April 1996

Last action

16 April 1996 · Introduced

Status

Referred to the House Committee on Ways and Means.

Sponsors

Rep. Lightfoot, Jim [R-IA-3], Rep. Leach, James A. [R-IA-2], Rep. Nussle, Jim [R-IA-2], Rep. Ganske, Greg [R-IA-4], Rep. Latham, Tom [R-IA-3], Sen. Johnson, Tim [D-SD], Rep. Brewster, Bill K. [D-OK-3], Rep. Barrett, Bill [R-NE-3], Rep. Evans, Lane [D-IL-17], Rep. Hefley, Joel [R-CO-5], Sen. Hutchinson, Tim [R-AR], Rep. Camp, Dave [R-MI-4]

Subjects

Taxation

Source updated

2 January 2025

Taxation

Summary

Amends the Internal Revenue Code to treat the acquisition by a first-time farmer of land or personal property from a related person as not being an acquisition from a related person. Modifies the definition of "substantial farmland."

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

Timeline

  1. 16 April 1996

    Introduced

    Referred to the House Committee on Ways and Means.

    Source: IntroReferral

  2. 16 April 1996

    Introduced

    Introduced in House

    Source: IntroReferral

  3. 16 April 1996

    Introduced

    Introduced in House

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

Documents

3 official files

Introduced in House (text)

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  • Introduced in House (text)

    Introduced in House · EN · 16 April 1996

    ViewDownloadOpen at official source

  • Introduced in House (PDF)

    Introduced in House · EN · 16 April 1996

    ViewDownloadOpen at official source

    Leesvertaling

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  • Introduced in House

    summary · EN · 16 April 1996

    Open at official source

    Leesvertaling

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Sponsors

Related records

Sources

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