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- S.312
S.312: Tax Empowerment and Relief for Farmers and Fishermen (TERFF) Act
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Feb. 13, 2001
- Latest Major Action June 12, 2001
Bill Sponsor
Bill Cosponsors
23 (7 Democrats, 17 Republicans)
Bill Summary
Tax Empowerment and Relief for Farmers and Fishermen (TERFF) Act - Amends the Internal Revenue Code (IRC) to allow to an eligible commercial farmer or commercial fisherman a deduction, of up to 20 percent of such commercial farmer's or fisherman's taxable income which is attributable to an eligible commercial farming or fishing business, for the amount paid in cash by such commercial farmer or fisherman into a Farm, Fishing, and Ranch Risk...
(Source: Library of Congress)
What Lawmakers Are Saying About This Bill
Bill Actions
Date | Description |
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Sponsor introductory remarks on measure.
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Read twice and referred to the Committee on Finance.
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Committee on Finance. Hearings held.
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Committee on Finance. Hearings held.
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Feb. 13, 2001 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |