HR 41
104th Congress
House
Taxation
Agricultural economics
Agricultural pollution
Agriculture and Food
Environmental Protection
Equipment and supplies
Income tax
Investment tax credit
Pollution control
Soil conservation
Tax deductions
Water Resources Development
Water conservation
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: January 4, 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
Jan 4, 1995
Referred to the House Committee on Ways and Means.
Jan 4, 1995
Introduced in House
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
Referred to the House Committee on Ways and Means.
Committees of jurisdiction
1