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- S.2762
S.2762: A bill to amend the Internal Revenue Code of 1986 to provide involuntary conversion tax relief for producers forced to sell livestock due to weather-related conditions or Federal land management agency policy or action, and for other purposes.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about emergency management
- Introduced July 19, 2002
- Latest Major Action July 19, 2002
Bill Sponsor
Bill Cosponsors
11 (2 Democrats, 10 Republicans)
Bill Summary
Amends the Internal Revenue Code to allow farmers to delay the inclusion in income of the amount earned from the sale of excess livestock due to Federal land management policy or action or to severe weather conditions until the year following two years in which the condition does not exist (present law allows for inclusion of such income in the year following a year of severe weather).Sets forth new rules for drought designations. Modifies...
(Source: Library of Congress)
Bill Actions
| Date | Description |
|---|---|
|
Read twice and referred to the Committee on Finance.
|
|
| July 19, 2002 |
Introduced in the Senate by Craig Thomas (R-Wyo.) |