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S 2609 100th Congress Senate

A bill to amend the Internal Revenue Code of 1986 to provide that the special rule for proceeds from livestock sold on account of drought apply to livestock used for draft, breeding, dairy or…

Official title: A bill to amend the Internal Revenue Code of 1986 to provide that the special rule for proceeds from livestock sold on account of drought apply to livestock us… Show full official titleShow less

Official title: A bill to amend the Internal Revenue Code of 1986 to provide that the special rule for proceeds from livestock sold on account of drought apply to livestock used for draft, breeding, dairy or sporting purposes.

Introduced: July 6, 1988 See on congress.gov
Taxation AccountingAgricultural economicsAgriculture and Rural AffairsDisaster relief
More subjectsShow fewer subjects
Disasters and Disaster ReliefDroughtsFarmersFarmsIncome taxLivestockLivestock industryTax deferralTax exclusion
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This bill died when the 100th Congress ended
It never became law before the 100th Congress (1987–1988) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jun 29, 1988
Read twice and referred to the Committee on Finance.
Jun 29, 1988
Introduced in Senate
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 Latest action June 29, 1988

Read twice and referred to the Committee on Finance.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to apply to livestock used for draft, breeding, dairy, or sporting purposes a special rule that permits a farmer or rancher who sells livestock solely because of drought conditions to elect to defer until the following year the taxation of the resulting income.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Grassley, Chuck
Iowa · Jul 6, 1988
 R
McConnell, Mitch
Kentucky · Jun 29, 1988
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APA
U.S. Congress. (2026). S. 2609: A bill to amend the Internal Revenue Code of 1986 to provide that the special rule for proceeds from livestock sold on account of drought apply to livestock used for draft, breeding, dairy or sporting purposes.. 100th Congress. Open America. https://openamerica.io/bill/100-S-2609/
MLA
"S. 2609: A bill to amend the Internal Revenue Code of 1986 to provide that the special rule for proceeds from livestock sold on account of drought apply to livestock used for draft, breeding, dairy or sporting purposes.." 100th Congress, 2026, Open America, https://openamerica.io/bill/100-S-2609/.
Bluebook (legal)
S. 2609, 100th Cong. (2026), https://openamerica.io/bill/100-S-2609/.
Markdown link
[S. 2609: A bill to amend the Internal Revenue Code of 1986 to provide that the special rule for proceeds from livestock sold on account of drought apply to livestock used for draft, breeding, dairy or sporting purposes.](https://openamerica.io/bill/100-S-2609/)
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