Farm Tax Equity Act

Summary

Farm Tax Equity Act - Limits, under the Internal Revenue Code, deductions with respect to a taxpayer engaged in the business of farming to: (1) the gross income of the business for the taxable year; and (2) in the case of an individual or a bona fide family farm corporation, the higher of $10,000 or the amount of special deductions allowed by this Act, or for any other taxpayer, the amount of special deductions. Prohibits the application of such deductions when the taxpayer uses specified accounting methods. Defines terms used in this Act.

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Timeline

1. 26 June 1975

   Introduced

   Referred to House Committee on Ways and Means.

   Source: IntroReferral

2. 26 June 1975

   Introduced

   Introduced in House

   Source: IntroReferral

3. 26 June 1975

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

No version snapshots stored. Document URLs remain at the source.

Documents

1 official file

• Introduced in House

  summary · EN · 26 June 1975

  Open at official source

Sponsors

• RICHARD NOLAN · D · Sponsor
• Rep. Hechler, Ken [D-WV-4] · D · Cosponsor
• Rep. Eilberg, Joshua [D-PA-4] · D · Cosponsor
• Rep. Ryan, Leo J. [D-CA-11] · D · Cosponsor
• Rep. Brown, George E., Jr. [D-CA-36] · D · Cosponsor
• Rep. Mazzoli, Romano L. [D-KY-3] · D · Cosponsor
• Rep. Drinan, Robert F. [D-MA-4] · D · Cosponsor
• Rep. Krebs, John H. [D-CA-17] · D · Cosponsor
• Rep. Lloyd, Marilyn [D-TN-3] · D · Cosponsor
• Rep. Fithian, Floyd J. [D-IN-2] · D · Cosponsor
• Rep. Harrington, Michael J. [D-MA-6] · D · Cosponsor
• Rep. Edgar, Robert W. [D-PA-7] · D · Cosponsor
• Rep. Weaver, James H. [D-OR-4] · D · Cosponsor
• Rep. McHugh, Matthew F. [D-NY-27] · D · Cosponsor
• Rep. Bergland, Bob [R-MN-7] · R · Cosponsor
• · hswm00 · Standing

Related records

• related to → Farm Tax Equity Act