Family Farm Tax Simplification Act of 2003

Summary

Family Farm Tax Simplification Act of 2003 - Amends the Internal Revenue Code to exempt from treatment as a partnership a qualified farming joint venture conducted by a jointly-filing husband and wife. Provides that income, gain, loss, deductions, and credits shall be equally divided, and treated as if attributable to a trade or business conducted by each spouse as a sole proprietor. Defines "qualified farming joint venture." Amends the Code and the Social Security Act to treat such income as net earnings from self-employment, respectively.

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3 official files

• Introduced in House (text)

  Introduced in House · EN · 25 February 2003

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• Introduced in House (PDF)

  Introduced in House · EN · 25 February 2003

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• Introduced in House

  summary · EN · 25 February 2003

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