United States · Bill · S
S. 2433 (95th)
A bill to amend the Internal Revenue Code of 1954 to increase certain limitations on the deduction of expenditures by farmers for clearing land.
Introduced
26 January 1978
Last action
—
Status
Referred to Senate Committee on Finance.
Sponsors
—
Subjects
Discovery layer
Source updated
1 August 2024
Summary
Amends the Internal Revenue Code to change the maximum deduction allowed farmers for the expenses of clearing land from the lesser of $5,000 or 25 percent of the taxable income derived from farming to a flat $12,000. Limits the deduction to taxpayers who have been engaged in farming for two taxable years preceding the year in which the deduction is claimed.
This text is taken from the official record. PoliticalRepo does not editorialize.
Timeline
No timeline events have been ingested for this record yet.
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 · 26 January 1978
Sponsors
No sponsors or actors listed by the source.
Related records
No cross-record relationships stored yet.
Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/95th-congress/senate-bill/2433
- Open data entity: https://api.congress.gov/v3/bill/95/s/2433