HR 2676
104th Congress
House
Taxation
Agricultural cooperatives
Agricultural economics
Agricultural industries
Agriculture and Food
Capital gains tax
Commerce
Finance and Financial Sector
Income tax
Stocks
Tax exclusion
To amend the Internal Revenue Code of 1986 to provide for the nonrecognition of gain for sale of stock to certain farmers' cooperatives, and for other purposes.
Introduced: November 20, 1995
See on congress.gov
Everywhere this bill has been
2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Nov 20, 1995
Referred to the House Committee on Ways and Means.
Nov 20, 1995
Introduced in House
Plain-English summary
Amends the Internal Revenue Code to provide for the nonrecognition of gain on sales of stock of a qualified refiner or processor to an eligible farmer's cooperative. Sets forth provisions concerning the determination as to whether any stock in the domestic corporation is a qualified security.
What's happening now
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1