A bill to extend the period for filing a claim for credit or refund of Federal income taxes with respect to certain changes made by the Consolidated Omnibus Reconciliation Act of 1985 with respect to insolvent farmers.

Summary

Amends the Consolidated Omnibus Budget Reconciliation Act of 1985 to allow an extension of time for the filing of claims for credit or refund of Federal income taxes for insolvent farmers who were exempted by such Act from the alternative minimum tax on capital gains realized on the transfer or sale of farmland under threat of foreclosure or in cancellation of indebtedness.

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

Timeline

1. 22 April 1986

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 22 April 1986

   Introduced

   Introduced in Senate

   Source: IntroReferral

3. 25 April 1986

   Committee

   Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department.

   Source: Committee

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

• Introduced in Senate

  summary · EN · 22 April 1986

  Open at official source

Sponsors

• Sen. Abdnor, James [R-SD] · R · Sponsor
• Sen. Andrews, Mark [R-ND] · R · Sponsor
• Sen. Baucus, Max [D-MT] · D · Sponsor
• Sen. Boschwitz, Rudy [R-MN] · R · Sponsor
• Sen. Durenberger, Dave [R-MN] · R · Sponsor
• Sen. Zorinsky, Edward [D-NE] · D · Sponsor
• Sen. Kassebaum, Nancy Landon [R-KS] · R · Sponsor
• Sen. Exon, J. James [D-NE] · D · Cosponsor
• Sen. Melcher, John [D-MT] · D · Cosponsor
• · ssfi00 · Standing

Related records

• related to → A bill to extend the period for filing a claim for credit or refund of Federal income taxes with respect to certain changes made by the Consolidated Omnibus Budget Reconciliation Act of 1985 with respect to insolvent farmers.