United States · Bill · S
S. 80 (105th)
Family Farm Retirement Equity Act of 1997
Introduced
21 January 1997
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
21 August 2025
Summary
Family Farm Retirement Equity Act of 1997 - 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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Votes
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Versions
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Documents
3 official files
Introduced in Senate (text)
Introduced in Senate · EN · 21 January 1997
Introduced in Senate (PDF)
Introduced in Senate · EN · 21 January 1997
Introduced in Senate
summary · EN · 21 January 1997
Sponsors
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Related records
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Sources
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- Official source: https://www.congress.gov/bill/105th-congress/senate-bill/80
- Open data entity: https://api.congress.gov/v3/bill/105/s/80