United States · Bill · S
S. 362 (107th)
A bill to amend the Internal Revenue Code of 1986 to provide an exclusion for gain from the sale of farmland which is similar to the exclusion from gain on the sale of a principal residence.
Introduced
15 February 2001
Last action
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Status
Read twice and referred to the Committee on Finance.
Sponsors
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Subjects
Discovery layer
Source updated
10 February 2026
Summary
Amends the Internal Revenue Code to exclude from gross income up to $500,000 ($250,000 for a married individual filing separately) from the sale of qualified farm property, reduced by the aggregate amount of gain excluded for all preceding taxable years.
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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 15 February 2001
Introduced in Senate (PDF)
Introduced in Senate · EN · 15 February 2001
Introduced in Senate
summary · EN · 15 February 2001
Sponsors
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Related records
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Sources
PoliticalRepo is an index and interpretation layer, not the authoritative legal source.
- Official source: https://www.congress.gov/bill/107th-congress/senate-bill/362
- Open data entity: https://api.congress.gov/v3/bill/107/s/362