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- H.R.4757
H.R.4757: To amend the Internal Revenue Code of 1986 to expand certain exceptions to the private activity bond rules for first-time farmers, and for other purposes.
About This Bill
- Introduced May 29, 2014
- Latest Major Action May 29, 2014
- See the three similar bills introduced in other congresses.
Bill Sponsor
Bill Summary
Amends the Internal Revenue Code, with respect to private activity bond financing for first-time farmers, to: (1) increase from $450,000 to $509,600 (adjusted annually for inflation) the amount of bond proceeds that may be used by a first-time farmer to acquire land for farming purposes, (2) repeal the limitation on the use of bond proceeds for used farm equipment, and (3) modify the definition of "substantial farmland" to determine farm size...
(Source: Library of Congress)
Bill Actions
Date | Description |
---|---|
May 29, 2014 |
Referred to the House Committee on Ways and Means.
|
May 29, 2014 |
Introduced in the House by Tom Latham (R-Iowa) |