S 1691
103th Congress
Senate
Taxation
Agricultural economics
Agricultural pollution
Environmental Protection
Equipment and supplies
Income tax
Investment tax credit
Pollution control
Soil conservation
Tax deductions
Water conservation
A bill to amend the Internal Revenue Code of 1986 to provide taxpayers engaged in certain agriculture-related activities a credit against income tax for property used to control environmental pollution and for soil and water conservation expenditures.
Introduced: November 19, 1993
See on congress.gov
Everywhere this bill has been
4 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Oct 5, 1994
Subcommittee on Energy and Agricultural Taxation. Hearings held. Hearings printed: S.Hrg. 103-1025.
Nov 19, 1993
Read twice and referred to the Committee on Finance.
Nov 19, 1993
Sponsor introductory remarks on measure. (CR S16442)
Nov 19, 1993
Introduced in Senate
Plain-English summary
Amends the Internal Revenue Code to allow taxpayers primarily engaged in a farming-related business an investment tax credit for a percentage of: (1) the costs of agricultural environmental property; and (2) the amount allowed as a deduction for soil and water conservation expenditures.
What's happening now
Subcommittee on Energy and Agricultural Taxation. Hearings held. Hearings printed: S.Hrg. 103-1025.
Committees of jurisdiction
2
Cosponsors
1