HR 1142
103th Congress
House
Taxation
Capital gains tax
Farmers
Farms
Income tax
Individual retirement accounts
Tax exclusion
Tax-deferred compensation plans
Farmer Retirement Security Act
Introduced: February 25, 1993
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 25, 1993
Referred to the House Committee on Ways and Means.
Feb 25, 1993
Introduced in House
Plain-English summary
Farmer Retirement Security Act - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of qualified farm property to the extent that the proceeds are paid into an individual retirement account. Establishes limitations on such rollover amounts per individual and per family. Denies an itemized deduction for such rollover amounts and exempts such amounts from limitations on contributions to individual retirement accounts.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1