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United States · Bill · S

S. 2609 (100th)

A bill to amend the Internal Revenue Code of 1986 to provide that the special rule for proceeds from livestock sold on account of drought apply to livestock used for draft, breeding, dairy or sporting purposes.

referredUnited States· United States Congress· EN

Introduced

29 June 1988

Last action

29 June 1988 · Introduced

Status

Read twice and referred to the Committee on Finance.

Sponsors

Sen. Danforth, John C. [R-MO], Sen. Boren, David L. [D-OK], Sen. Durenberger, Dave [R-MN], Sen. Bond, Christopher S. [R-MO], Sen. Baucus, Max [D-MT], Sen. Karnes, David K. [R-NE], Sen. Riegle, Donald W., Jr. [D-MI], Sen. Heinz, John [R-PA], Sen. Wallop, Malcolm [R-WY], Sen. Burdick, Quentin N. [D-ND], Sen. Daschle, Thomas A. [D-SD], Sen. Kasten, Robert W., Jr. [R-WI], Sen. Quayle, Dan [R-IN], Sen. Pryor, David H. [D-AR], Sen. Kassebaum, Nancy Landon [R-KS], Sen. Symms, Steven D. [R-ID], Sen. McClure, James A. [R-ID], Sen. Pressler, Larry [R-SD], Sen. Warner, John [R-VA], Sen. McConnell, Mitch [R-KY], Sen. Grassley, Chuck [R-IA], Sen. Exon, J. James [D-NE]

Subjects

Taxation

Source updated

3 January 2025

Taxation

Official sourceView documentsShare

Summary

Amends the Internal Revenue Code to apply to livestock used for draft, breeding, dairy, or sporting purposes a special rule that permits a farmer or rancher who sells livestock solely because of drought conditions to elect to defer until the following year the taxation of the resulting income.

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

Timeline

  1. 29 June 1988

    Introduced

    Read twice and referred to the Committee on Finance.

    Source: IntroReferral

  2. 29 June 1988

    Introduced

    Introduced in Senate

    Source: IntroReferral

Votes

No vote records are attached yet.

Versions

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

Documents

1 official file

Leesvertaling

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Sponsors

Related records

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Sources

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