Family Farm Retirement Equity Act of 1995

Summary

Family Farm Retirement Equity Act of 1995 - Amends the Internal Revenue Code with respect to nontaxable exchanges to allow the rollover of gain from the sale of a qualified farm asset into one or more individual retirement plans, to be known as asset rollover accounts. Denies an itemized deduction for contributions to such accounts and sets forth contribution limitations. Provides that rollover contributions to an asset rollover account may be made only from other such accounts. Sets forth reporting requirements for individuals making contributions to such accounts and taxes excess contributions.

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Timeline

1. 1 February 1995

   Introduced

   Read twice and referred to the Committee on Finance.

   Source: IntroReferral

2. 1 February 1995

   Introduced

   Sponsor introductory remarks on measure. (CR S1960)

   Source: IntroReferral

3. 1 February 1995

   Introduced

   Introduced in Senate

   Source: IntroReferral

Votes

No vote records are attached yet.

Versions

• Introduced in Senate · 1 February 1995 · Official file

Documents

3 official files

• Introduced in Senate (text)

  Introduced in Senate · EN · 1 February 1995

  ViewDownloadOpen at official source

• Introduced in Senate (PDF)

  Introduced in Senate · EN · 1 February 1995

  DownloadOpen at official source

• Introduced in Senate

  summary · EN · 1 February 1995

  Open at official source

Sponsors

• Sen. Kohl, Herb [D-WI] · D · Sponsor
• · ssfi00 · Standing

Related records

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