A bill to amend the Internal Revenue Code of 1954 to allow the investment tax credit for certain farm property purchased by an individual from an ancestor of the individual.

referredUnited States· United States Congress· EN

Introduced

4 January 1977

Last action

—

Status

Referred to House Committee on Ways and Means.

Summary

Amends the Internal Revenue Code to allow an individual an investment tax credit for farm and ranch equipment purchased from an ancestor or a closely held business of which an ancestor owns more than half.

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Versions

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Documents

1 official file

Introduced in House
summary · EN · 4 January 1977
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/95th-congress/house-bill/745
Open data entity: https://api.congress.gov/v3/bill/95/hr/745