Payment-in-Kind Tax Treatment Act of 1983

Summary

Amends the Internal Revenue Code to permit farmers who participate in a Federal payment-in-kind program to elect to treat commodities they receive as income in the year of receipt or the year of sale. Permits farmers to elect a deferral of the income resulting from the cancellation of Commodity Credit Corporation loans. Provides that farmers participating in a payment-in-kind program do not forfeit eligibility for the special use valuation provisions for farm property.

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Documents

6 official files

• Public Law (PDF)

  Public Law · EN · 12 March 1983

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• House agreed to Senate amendment with amendment

  summary · EN · 9 March 1983

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• Passed Senate amended

  summary · EN · 8 March 1983

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• Passed House amended

  summary · EN · 8 March 1983

  Open at official source

• Reported to House with amendment(s)

  summary · EN · 2 March 1983

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• Introduced in House

  summary · EN · 7 February 1983

  Open at official source

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