A bill to amend the Internal Revenue Code of 1986 to provide that farm land adjoining a principal residence qualifies for the one-time exclusion of gain from sale of such residence.

openUnited States· United States Congress· EN

Introduced

6 February 1992

Last action

—

Status

Subcommittee on Energy and Agricultural Taxation. Hearings held. Hearings printed: S.Hrg. 102-831.

Summary

Amends the Internal Revenue Code to provide that a principal residence includes adjoining farm land for purposes of the one-time exclusion of gain from the sale of a principal residence for individuals who have attained age 55, if such farm land is used by the taxpayer in the active conduct of the trade or business of farming.

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Votes

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Versions

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Documents

2 official files

Introduced in Senate (text)
Introduced in Senate · EN
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Introduced in Senate
summary · EN · 6 February 1992
Open at official source

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Sources

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Official source: https://www.congress.gov/bill/102nd-congress/senate-bill/2202
Open data entity: https://api.congress.gov/v3/bill/102/s/2202