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Searching...- Bills
- H.R.1748
H.R.1748: Tax Fairness for Farmers, Ranchers, and Small Businesses Act
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced June 6, 1995
- Latest Major Action June 6, 1995
Bill Sponsor
Bill Cosponsors
6 (5 Democrats, 1 Republican)
Bill Summary
Tax Fairness for Farmers, Ranchers, and Small Businesses Act - Amends the Internal Revenue Code to permit a limited, one-time exclusion from gross income of up to $500,000 ($250,000 in a separate return of a married individual) of the gain from a single sale or exchange to a qualified buyer of qualified property. Defines "qualified property" as property that has been used by a seller over 55 years of age, or a family member, in farming or in a...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
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Sponsor introductory remarks on measure.
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Referred to the House Committee on Ways and Means.
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| June 6, 1995 |
Introduced in the House by Tim Johnson (D-S.D.) |