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Searching...- Bills
- H.R.1882
H.R.1882: Farm Risk Management Act of 2007
About This Bill
- This bill was introduced in the 110th Congress
- This bill is primarily about taxation
- Introduced April 17, 2007
- Latest Major Action May 4, 2007
- See the one similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsors
5 (2 Democrats, 4 Republicans)
Bill Summary
Farm Risk Management Act of 2007 - Amends the Internal Revenue Code to: (1) establish tax-exempt farm risk management accounts to allow taxpayers engaged in the business of farming or ranching to use distributions from such accounts to offset operational losses in lieu of receiving, after a specified transitional period, federal subsidies to purchase crop insurance; (2) allow a tax deduction for cash contributions to such accounts; (3) specify...
(Source: Library of Congress)
Bill Actions
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Sponsor introductory remarks on measure.
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Referred to the Committee on Ways and Means, and in addition to the Committee on Agriculture, for a period to be subsequently determined by the Speaker, in each case for consideration of such provisions as fall within the jurisdiction of the committee concerned.
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Referred to House Ways and Means
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Referred to House Agriculture
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Referred to the Subcommittee on General Farm Commodities and Risk Management.
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Executive Comment Requested from USDA.
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| April 17, 2007 |
Introduced in the House by Terry Everett (R-Ala.) |