A bill to amend the Internal Revenue Code of 1986 to provide involuntary conversion tax relief for producers forced to sell livestock due to weather-related conditions or Federal land management agency policy or action, and for other purposes.

Summary

Amends the Internal Revenue Code to allow farmers to delay the inclusion in income of the amount earned from the sale of excess livestock due to Federal land management policy or action or to severe weather conditions until the year following two years in which the condition does not exist (present law allows for inclusion of such income in the year following a year of severe weather). Sets forth new rules for drought designations. Modifies rules for replacement of involuntarily converted livestock, including to prescribe that an heir to an estate may replace such property within the required time frame.

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Timeline

1. 19 July 2002

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 19 July 2002

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 19 July 2002 · Download file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 19 July 2002

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 19 July 2002

  ViewDownloadOpen at official source

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• Introduced in Senate

  summary · EN · 19 July 2002

  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. Thomas, Craig [R-WY] · R · Sponsor
• Sen. Enzi, Michael B. [R-WY] · R · Sponsor
• Sen. Hagel, Chuck [R-NE] · R · Sponsor
• Sen. Roberts, Pat [R-KS] · R · Cosponsor
• Sen. Helms, Jesse [R-NC] · R · Cosponsor
• Sen. Bond, Christopher S. [R-MO] · R · Cosponsor
• Sen. Johnson, Tim [D-SD] · D · Cosponsor
• Sen. Campbell, Ben Nighthorse [R-CO] · R · Cosponsor
• Sen. Domenici, Pete V. [R-NM] · R · Cosponsor
• Sen. Burns, Conrad R. [R-MT] · R · Cosponsor
• Sen. Allard, Wayne [R-CO] · R · Cosponsor
• Sen. Dorgan, Byron L. [D-ND] · D · Cosponsor
• · ssfi00 · Standing

Related records

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