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- H.R.3885
H.R.3885: FRAME Act of 2012
About This Bill
- This bill was introduced in the 112th Congress
- This bill is primarily about taxation
- Introduced Feb. 2, 2012
- Latest Major Action Feb. 2, 2012
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Cosponsor
Bill Summary
Farm Risk Abatement and Mitigation Election Act of 2012 or the FRAME Act of 2012 - Amends the Internal Revenue Code to: (1) establish tax-exempt farm risk management accounts (FRAME Accounts) and allow taxpayers actively engaged in the business of farming or ranching to use distributions from such accounts to protect the solvency of the farm to which the FRAME Account relates and to procure revenue or crop insurance; (2) allow a deduction from...
(Source: Library of Congress)
Bill Actions
Date | Description |
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Referred to the House Committee on Ways and Means.
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Feb. 2, 2012 |
Introduced in the House by Rick Crawford (R-Ark.) |