United States · Bill · S
S. 2313 (99th)
A bill to provide a credit against Federal income tax in an amount equal to the taxpayer's B-stock losses resulting from the failure of a production credit association.
Introduced
16 April 1986
Last action
—
Status
Committee on Finance requested executive comment from OMB, Treasury Department.
Sponsors
—
Subjects
Discovery layer
Source updated
3 January 2025
Summary
Amends the Internal Revenue Code to allow certain taxpayers an election to take an income tax credit in an amount equal to the taxpayer's payment for B-stock which becomes or has become worthless due to the failure of a production credit association. Defines "B-stock" as stock or participation certificates issued under the Farm Credit Act of 1971. Defines a "production credit association" as an association organized under specified provisions of the Farm Credit Act of 1971.
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Versions
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Documents
1 official file
Introduced in Senate
summary · EN · 16 April 1986
Sponsors
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Sources
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- Official source: https://www.congress.gov/bill/99th-congress/senate-bill/2313
- Open data entity: https://api.congress.gov/v3/bill/99/s/2313