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S 2129 100th Congress Senate 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: March 3, 1988 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 3, 1988
Read twice and referred to the Committee on Finance.
Mar 3, 1988
Introduced in Senate
 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 March 3, 1988

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2