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S 2609 100th Congress Senate Taxation Accounting Agricultural economics Agriculture and Rural Affairs Disaster relief Disasters and Disaster Relief Droughts Farmers Farms Income tax Livestock Livestock industry Tax deferral Tax exclusion

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…

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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: June 29, 1988 See on congress.gov
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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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 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.

What's happening now June 29, 1988

Read twice and referred to the Committee on Finance.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2
R
Grassley, Chuck
Iowa · Jul 6, 1988
 R
McConnell, Mitch
Kentucky · Jun 29, 1988
Cite this page click to expand
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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