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- S.665
S.665: Tax Empowerment and Relief for Farmers and Fishermen (TERFF) Act
About This Bill
- This bill was introduced in the 108th Congress
- This bill is primarily about emergency management
- Introduced March 19, 2003
- Latest Major Action March 19, 2003
Bill Sponsor
Bill Cosponsors
22 (7 Democrats, 16 Republicans)
Bill Summary
Tax Empowerment and Relief for Farmers and Fishermen (TERFF) Act - Amends the Internal Revenue Code to: (1) allow certain commercial farming and fishing businesses a tax deduction for cash contributions (up to 20 percent of taxable income) to a Farm, Fishing, and Ranch Risk Management Account (FFARRM Account); (2) exempt agricultural bonds from private activity bond volume caps; (3) allow individuals a tax deduction for charitable...
(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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| March 19, 2003 |
Introduced in the Senate by Charles E. Grassley (R-Iowa) |