Farm and Ranch Risk Management Act

Summary

Farm and Ranch Risk Management Act - Amends the Internal Revenue Code to allow an individual engaged in an eligible farming or commercial fishing business a deduction for any taxable year of up to 20 percent of taxable income attributable to the eligible farming or commercial fishing business which was paid in cash by the taxpayer to a Farm and Ranch Risk Management Account (FARRM Account). Includes distributions from a FARRM account in the taxpayer's gross income, and subjects to a special ten percent surtax any distributions not made within five years of contribution. Establishes a tax on excess contributions, but exempts the taxpayer from the tax on certain prohibited transactions.

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Timeline

1. 14 February 2001

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 14 February 2001

   Introduced

   Introduced in House

   Source: IntroReferral

3. 14 February 2001

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 14 February 2001 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 14 February 2001

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 14 February 2001

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 14 February 2001

  Open at official source

Sponsors

• Rep. Hulshof, Kenny C. [R-MO-9] · R · Sponsor
• Rep. Thurman, Karen L. [D-FL-5] · D · Sponsor
• Sam Graves · R · Cosponsor
• Rep. Emerson, Jo Ann [R-MO-8] · R · Cosponsor
• JOHN SHIMKUS · R · Cosponsor
• Rep. Callahan, Sonny [R-AL-1] · R · Cosponsor
• Rep. Riley, Bob [R-AL-3] · R · Cosponsor
• Rep. Lewis, Ron [R-KY-2] · R · Cosponsor
• Rep. Tiahrt, Todd [R-KS-4] · R · Cosponsor
• Rep. Holden, Tim [D-PA-17] · D · Cosponsor
• Rep. Platts, Todd Russell [R-PA-19] · R · Cosponsor
• Sanford Bishop · D · Cosponsor
• Rep. Greenwood, James C. [R-PA-8] · R · Cosponsor
• KEVIN BRADY · R · Cosponsor
• Rep. Reynolds, Thomas M. [R-NY-26] · R · Cosponsor
• GREG WALDEN · R · Cosponsor
• Rep. Hinchey, Maurice D. [D-NY-22] · D · Cosponsor
• Rep. Istook, Ernest J., Jr. [R-OK-5] · R · Cosponsor
• Rep. Dooley, Calvin M. [D-CA-20] · D · Cosponsor
• Rep. Kolbe, Jim [R-AZ-5] · R · Cosponsor
• PAUL RYAN · R · Cosponsor
• WILLIAM THORNBERRY · R · Cosponsor
• Sen. Blunt, Roy [R-MO] · R · Cosponsor
• Rep. Gillmor, Paul E. [R-OH-5] · R · Cosponsor
• Rep. English, Phil [R-PA-3] · R · Cosponsor
• Rep. Ganske, Greg [R-IA-4] · R · Cosponsor
• Rep. Bass, Charles F. [R-NH-2] · R · Cosponsor
• Rep. Hutchinson, Asa [R-AR-3] · R · Cosponsor
• Rep. Frost, Martin [D-TX-24] · D · Cosponsor
• Rep. Shows, Ronnie [D-MS-4] · D · Cosponsor
• Rep. Abercrombie, Neil [D-HI-1] · D · Cosponsor
• Jerry Moran · R · Cosponsor
• Rep. Walsh, James T. [R-NY-27] · R · Cosponsor
• Rep. LaFalce, John J. [D-NY-36] · D · Cosponsor
• Rep. Pitts, Joseph R. [R-PA-16] · R · Cosponsor
• Rep. Ose, Doug [R-CA-3] · R · Cosponsor
• Rep. Sherwood, Don [R-PA-10] · R · Cosponsor
• Rep. Buyer, Steve [R-IN-4] · R · Cosponsor
• Rep. Bonilla, Henry [R-TX-23] · R · Cosponsor
• Rep. Combest, Larry [R-TX-19] · R · Cosponsor
• Rep. McHugh, John M. [R-NY-23] · R · Cosponsor
• Rep. Wynn, Albert Russell [D-MD-4] · D · Cosponsor
• Rep. Moore, Dennis [D-KS-3] · D · Cosponsor
• Sen. Udall, Mark [D-CO] · D · Cosponsor
• Rep. Deal, Nathan [R-GA-9] · R · Cosponsor
• Rep. Weldon, Curt [R-PA-7] · R · Cosponsor
• Pete Sessions · R · Cosponsor
• Rep. McCrery, Jim [R-LA-4] · R · Cosponsor

Showing 48 of 106 sponsors and actors.

Related records

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