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 business to deduct a limited amount from gross income for amounts paid into an interest-bearing Farm and Ranch Risk Management (FARRM) Account, created for the taxpayer's exclusive benefit. Requires withdrawal of contributions within five years, upon which they are taxable as ordinary income in the year of withdrawal. Prescribes penalties on amounts not distributed within five years.

This text is taken from the official record. PoliticalRepo does not editorialize.

Timeline

1. 3 March 1999

   Introduced

   Referred to the House Committee on Ways and Means.

   Source: IntroReferral

2. 3 March 1999

   Introduced

   Introduced in House

   Source: IntroReferral

3. 3 March 1999

   Introduced

   Introduced in House

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in House · 3 March 1999 · Official file

Documents

3 official files

• Introduced in House (text)

  Introduced in House · EN · 3 March 1999

  ViewDownloadOpen at official source

• Introduced in House (PDF)

  Introduced in House · EN · 3 March 1999

  ViewDownloadOpen at official source

• Introduced in House

  summary · EN · 3 March 1999

  Open at official source

Sponsors

• Rep. Hulshof, Kenny C. [R-MO-9] · R · Sponsor
• Rep. Thurman, Karen L. [D-FL-5] · D · Sponsor
• Rep. Combest, Larry [R-TX-19] · R · Sponsor
• Rep. Houghton, Amo [R-NY-34] · R · Sponsor
• Rep. Herger, Wally [R-CA-2] · R · Sponsor
• Rep. McCrery, Jim [R-LA-4] · R · Sponsor
• Rep. Nussle, Jim [R-IA-1] · R · Sponsor
• Rep. English, Phil [R-PA-3] · R · Sponsor
• Rep. Watkins, Wes [D-OK-3] · R · Sponsor
• Rep. Hayworth, J. D. [R-AZ-5] · R · Sponsor
• Rep. Weller, Jerry [R-IL-11] · R · Sponsor
• Rep. Foley, Mark [R-FL-16] · R · Sponsor
• Rep. Lewis, Ron [R-KY-2] · R · Sponsor
• Rep. Barrett, Bill [R-NE-3] · R · Sponsor
• Rep. Condit, Gary A. [D-CA-15] · D · Sponsor
• Rep. Boehner, John A. [R-OH-8] · R · Sponsor
• Rep. Dooley, Calvin M. [D-CA-20] · D · Sponsor
• Rep. Ewing, Thomas W. [R-IL-15] · R · Sponsor
• Rep. Minge, David [D-MN-2] · D · Sponsor
• Rep. Pombo, Richard W. [R-CA-11] · R · Sponsor
• Rep. Baldacci, John Elias [D-ME-2] · D · Sponsor
• Rep. Smith, Nick [R-MI-7] · R · Sponsor
• Rep. Hostettler, John N. [R-IN-8] · R · Sponsor
• Jerry Moran · R · Sponsor
• John Thune · R · Sponsor
• Rep. Jenkins, William L. [R-TN-1] · R · Sponsor
• Ken Calvert · R · Sponsor
• Rep. Gutknecht, Gil [R-MN-1] · R · Sponsor
• Rep. Ose, Doug [R-CA-3] · R · Sponsor
• Rep. Hayes, Robin [R-NC-8] · R · Sponsor
• Sen. Talent, Jim [R-MO] · R · Sponsor
• Rep. Danner, Pat [D-MO-6] · D · Sponsor
• Rep. Emerson, Jo Ann [R-MO-8] · R · Sponsor
• Rep. Gordon, Bart [D-TN-6] · D · Sponsor
• Rep. Bono Mack, Mary [R-CA-45] · R · Sponsor
• Rep. Shows, Ronnie [D-MS-4] · D · Sponsor
• Rep. Nethercutt, George R., Jr. [R-WA-5] · R · Sponsor
• Rep. Istook, Ernest J., Jr. [R-OK-5] · R · Sponsor
• Rep. Snyder, Vic [D-AR-2] · D · Sponsor
• Rep. Bereuter, Doug [R-NE-1] · R · Sponsor
• Rep. Woolsey, Lynn C. [D-CA-6] · D · Sponsor
• Rep. Paul, Ron [R-TX-22] · R · Sponsor
• Rep. Boucher, Rick [D-VA-9] · D · Sponsor
• Rep. Doolittle, John T. [R-CA-4] · R · Sponsor
• Rep. Murtha, John P. [D-PA-12] · D · Sponsor
• Rep. Hill, Rick [R-MT-At Large] · R · Sponsor
• Rep. Sandlin, Max [D-TX-1] · D · Sponsor
• Rep. Hilleary, Van [R-TN-4] · R · Sponsor

Showing 48 of 173 sponsors and actors.

Related records

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