Family Investment and Rural Savings Tax Act

Summary

TABLE OF CONTENTS: Title I: Reduction in Individual Capital Gains Tax Rates Title II: Tax Incentives for Farmers Family Investment and Rural Savings Tax Act - Title I: Reduction in Individual Capital Gains Tax Rates - Amends the Internal Revenue Code to reduce individual capital gains tax rates. Title II: Tax Incentives for Farmers - Amends the Internal Revenue Code to permit an eligible farmer or rancher to establish a Farm and Ranch Risk Management Account (FARRM Account). States that: (1) up to 20 percent of farm-derived income may be deposited as an annual income deduction; and (2) deferred amounts shall be taxed upon withdrawal without penalty if distributed within five years. Amends the Taxpayer Relief of 1997 to permanently extend income averaging for farmers.

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

Timeline

1. 30 July 1998

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 30 July 1998

   Introduced

   Sponsor introductory remarks on measure. (CR S9426-9427)

   Source: IntroReferral

3. 30 July 1998

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 30 July 1998 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 30 July 1998

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 30 July 1998

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 30 July 1998

  Open at official source

  Leesvertaling

  Vertaal dit document naar jouw taal. PoliticalRepo bewaart geen aparte kopie per EU-taal.

  Vertaal naarNL · DutchDE · GermanFR · FrenchES · SpanishIT · ItalianPL · PolishPT · PortugueseSV · SwedishDA · DanishFI · FinnishEL · GreekCS · CzechHU · HungarianRO · RomanianBG · BulgarianHR · CroatianSK · SlovakSL · SlovenianLT · LithuanianLV · LatvianET · EstonianGA · IrishMT · Maltese

  Vertaal document

  Documentvertaling op verzoek met downloadbare PDF (logo + link naar de officiële bron). Het bronbestand blijft leidend.

Sponsors

• Sen. Lott, Trent [R-MS] · R · Sponsor
• Sen. Grassley, Chuck [R-IA] · R · Sponsor
• Sen. Hagel, Chuck [R-NE] · R · Sponsor
• Sen. Roberts, Pat [R-KS] · R · Sponsor
• Sen. Burns, Conrad R. [R-MT] · R · Sponsor
• Sen. Craig, Larry E. [R-ID] · R · Sponsor
• Sen. Shelby, Richard C. [R-AL] · R · Sponsor
• Sen. Sessions, Jeff [R-AL] · R · Sponsor
• Sen. Thomas, Craig [R-WY] · R · Sponsor
• Sen. Coverdell, Paul [R-GA] · R · Sponsor
• Sen. Cochran, Thad [R-MS] · R · Sponsor
• Sen. Brownback, Sam [R-KS] · R · Cosponsor
• Sen. Grams, Rod [R-MN] · R · Cosponsor
• Sen. Allard, Wayne [R-CO] · R · Cosponsor
• Sen. Hutchison, Kay Bailey [R-TX] · R · Cosponsor
• Sen. Enzi, Michael B. [R-WY] · R · Cosponsor
• Sen. Gramm, Phil [R-TX] · R · Cosponsor
• Sen. Hatch, Orrin G. [R-UT] · R · Cosponsor
• · ssfi00 · Standing

Related records

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