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United States · Bill · S

S. 2129 (100th)

A bill to amend the Internal Revenue Code of 1986 to repeal the application of the uniform capitalization rules with respect to animals produced in a farming business.

referredUnited States· United States Congress· EN

Introduced

3 March 1988

Last action

3 March 1988 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Baucus, Max [D-MT], Sen. Wallop, Malcolm [R-WY], Sen. Melcher, John [D-MT], Sen. Boren, David L. [D-OK], Sen. Burdick, Quentin N. [D-ND], Sen. Conrad, Kent [D-ND], Sen. Daschle, Thomas A. [D-SD], Sen. Domenici, Pete V. [R-NM], Sen. Ford, Wendell H. [D-KY], Sen. Fowler, Wyche, Jr. [D-GA], Sen. Garn, E. J. (Jake) [R-UT], Sen. Gramm, Phil [R-TX], Sen. Grassley, Chuck [R-IA], Sen. Harkin, Tom [D-IA], Sen. Hecht, Chic [R-NV], Sen. Helms, Jesse [R-NC], Sen. Karnes, David K. [R-NE], Sen. McClure, James A. [R-ID], Sen. Nickles, Don [R-OK], Sen. Pressler, Larry [R-SD], Sen. Simpson, Alan K. [R-WY], Sen. McConnell, Mitch [R-KY], Sen. Bumpers, Dale [D-AR], Sen. Wirth, Timothy [D-CO], Sen. Dixon, Alan J. [D-IL], Sen. Pryor, David H. [D-AR], Sen. Cochran, Thad [R-MS], Sen. Durenberger, Dave [R-MN], Sen. Exon, J. James [D-NE], Sen. Metzenbaum, Howard M. [D-OH], Sen. Bond, Christopher S. [R-MO], Sen. Shelby, Richard C. [R-AL], Sen. Hatch, Orrin G. [R-UT], Sen. DeConcini, Dennis [D-AZ], Sen. Armstrong, William L. [R-CO], Sen. Bingaman, Jeff [D-NM], Sen. Wilson, Pete [R-CA], Sen. Danforth, John C. [R-MO], Sen. Breaux, John B. [D-LA], Sen. Stevens, Ted [R-AK], Sen. Chiles, Lawton [D-FL], Sen. Nunn, Sam [D-GA], Sen. Symms, Steven D. [R-ID], Sen. Boschwitz, Rudy [R-MN], Sen. Heflin, Howell [D-AL], Sen. Cranston, Alan [D-CA], Sen. Warner, John [R-VA]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to exempt from the required application of uniform inventory cost capitalization rules any animal produced in a farming business, regardless of the animal's preproductive period.

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

Timeline

  1. 3 March 1988

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 3 March 1988

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

Sources

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