S.493: Dairy Augmentation for Increased Retail in Yogurt products (DAIRY) Act

About This Bill

  • Introduced March 7, 2013
  • Latest Major Action March 7, 2013

Bill Summary

Dairy Augmentation for Increased Retail in Yogurt products (DAIRY) Act - Amends the Internal Revenue Code to: (1) establish tax-exempt dairy farm savings accounts to allow taxpayers engaged in the trade or business of dairy farming to use distributions from such accounts to pay business expenses; (2) allow a deduction from gross income for cash contributions to such accounts; and (3) set forth tax rules relating to, and penalties for, account...

(Source: Library of Congress)

Bill Actions

Date Description
March 7, 2013
Read twice and referred to the Committee on Finance.
March 7, 2013

Introduced in the Senate by Charles E. Schumer (D-N.Y.)

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