HR 3907 100th Congress House Taxation Accounting Agricultural economics Agriculture and Rural Affairs Costs Depreciation and amortization Farmers Farms Income tax Inventories Livestock Poultry Tax deductions

A bill to amend the Internal Revenue Code of 1986 to repeal the application of the uniform capitalization rules with respect to animals produced in a farming business.

Introduced: February 3, 1988 See on congress.gov

Everywhere this bill has been 3 steps

Introduced

In committee

Reported out

Passed House

Passed Senate

To President

Became law

Nov 10, 1988

Provisions of Measure Incorporated Into H.R.4333.

Feb 3, 1988

Referred to House Committee on Ways and Means.

Feb 3, 1988

Introduced in House

Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exempt from the required application of uniform inventory cost capitalization rules any animal produced in a farming business, regardless of the animal's preproductive period.

What's happening now November 10, 1988

Provisions of Measure Incorporated Into H.R.4333.

Committees of jurisdiction 1