United States · Bill · S
S. 1341 (99th)
Agricultural Land Value Tax Act of 1985
Introduced
21 June 1985
Last action
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Status
Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department.
Sponsors
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Subjects
Discovery layer
Source updated
29 August 2025
Summary
Agricultural Land Value Tax Act of 1985 - Amends the Internal Revenue Code to exclude from gross income the discharge of indebtedness from the conditional cancellation of certain farm loans. Exempts from the minimum tax capital gains realized on sales of farm property by insolvent farmers. Exempts from the additional estate tax on the nonqualified transfer or use of farm property by an heir any sale of farm property by an insolvent heir.
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Documents
1 official file
Introduced in Senate
summary · EN · 21 June 1985
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/1341
- Open data entity: https://api.congress.gov/v3/bill/99/s/1341