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United States · Bill · HR

H.R. 548 (101st)

To amend the Internal Revenue Code of 1986 to repeal the application of the uniform capitalization rules to certain farming businesses.

referredUnited States· United States Congress· EN

Introduced

19 January 1989

Last action

Status

Referred to the House Committee on Ways and Means.

Sponsors

Subjects

Discovery layer

Source updated

7 February 2024

Summary

Amends the Internal Revenue Code to exempt from the required application of uniform inventory cost capitalization rules any sod and ornamental or crop-producing trees produced by the taxpayer in a farming business.

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Documents

2 official files

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