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HR 2470 102th Congress House

Family Farm Tax Relief and Savings Act of 1991

Official title: To amend the Internal Revenue Code of 1986 to provide for rollover of gain from sale of farm assets into an individual retirement account.

Introduced: July 10, 1991 See on congress.gov
Taxation Capital gains taxFarmersFarmsIncome tax
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Individual retirement accountsTax exclusionTax-deferred compensation plans
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This bill died when the 102nd Congress ended
It never became law before the 102nd Congress (1991–1992) 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
May 23, 1991
Introduced in House
May 23, 1991
Referred to the House Committee on Ways and Means.
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 Latest action May 23, 1991

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Family Farm Tax Relief and Savings Act of 1991 - Amends the Internal Revenue Code with respect to nontaxable exchanges to allow the rollover of gain from the sale of a qualified farm asset into one or more individual retirement plans, to be known as asset rollover accounts. Denies an itemized deduction for contributions to such accounts and sets forth contribution limitations. Provides that rollover contributions to an asset rollover account may be made only from other such accounts. Sets forth reporting requirements for individuals making contributions to such accounts and taxes excess contributions.

 Related & companion bills 1
  • S 1130 Identical bill Family Farm Tax Relief and Savings Act of 1991
 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
Rogers, Harold
Kentucky · Jul 10, 1991
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2470: Family Farm Tax Relief and Savings Act of 1991. 102nd Congress. Open America. https://openamerica.io/bill/102-HR-2470/
MLA
"H.R. 2470: Family Farm Tax Relief and Savings Act of 1991." 102nd Congress, 2026, Open America, https://openamerica.io/bill/102-HR-2470/.
Bluebook (legal)
H.R. 2470, 102nd Cong. (2026), https://openamerica.io/bill/102-HR-2470/.
Markdown link
[H.R. 2470: Family Farm Tax Relief and Savings Act of 1991](https://openamerica.io/bill/102-HR-2470/)
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