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United States · Bill · S

S. 493 (113th)

Dairy Augmentation for Increased Retail in Yogurt products (DAIRY) Act

referredUnited States· United States Congress· EN

Introduced

7 March 2013

Last action

Status

Read twice and referred to the Committee on Finance.

Sponsors

Subjects

Discovery layer

Source updated

12 August 2025

Summary

Dairy Augmentation for Increased Retail in Yogurt products (DAIRY) Act - Amends the Internal Revenue Code to: (1) establish tax-exempt dairy farm savings accounts to allow taxpayers engaged in the trade or business of dairy farming to use distributions from such accounts to pay business expenses; (2) allow a deduction from gross income for cash contributions to such accounts; and (3) set forth tax rules relating to, and penalties for, account distributions, excess contributions, and prohibited transactions.

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Documents

3 official files

Introduced in Senate (text)

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