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- S.362
S.362: A bill to amend the Internal Revenue Code of 1986 to provide an exclusion for gain from the sale of farmland which is similar to the exclusion from gain on the sale of a principal residence.
About This Bill
- This bill was introduced in the 107th Congress
- This bill is primarily about taxation
- Introduced Feb. 15, 2001
- Latest Major Action Feb. 15, 2001
- See the two similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
4 (4 Democrats, 1 Republican)
Bill Summary
Amends the Internal Revenue Code to exclude from gross income up to $500,000 ($250,000 for a married individual filing separately) from the sale of qualified farm property, reduced by the aggregate amount of gain excluded for all preceding taxable years.
(Source: Library of Congress)
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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| Feb. 15, 2001 |
Introduced in the Senate by Byron L. Dorgan (D-N.D.) |