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- H.R.3251
H.R.3251: To amend the Internal Revenue Code of 1986 to expand the applicability of the first-time farmer exception.
About This Bill
- This bill was introduced in the 104th Congress
- This bill is primarily about taxation
- Introduced April 16, 1996
- Latest Major Action April 16, 1996
Bill Sponsor
Bill Cosponsors
11 (3 Democrats, 8 Republicans)
Bill Summary
Amends the Internal Revenue Code to treat the acquisition by a first-time farmer of land or personal property from a related person as not being an acquisition from a related person. Modifies the definition of "substantial farmland."
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
|
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April 16, 1996 |
Introduced in the House by James Ross Lightfoot (R-Iowa) |