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HR 310 108th Congress House Taxation Agriculture and Food Capital gains tax Families Family farms Farm income Farm lands Income tax Land transfers Public Lands and Natural Resources Tax exclusion

Farmland Capital Gains Equity Act of 2003

Introduced: January 8, 2003 See on congress.gov
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 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 8, 2003
Referred to the House Committee on Ways and Means.
Jan 8, 2003
Introduced in House
 Plain-English summary Congressional Research Service
Farmland Capital Gains Equity Act of 2003 - Amends the Internal Revenue Code to provide an exclusion from gross income of gain from the sale of qualified farm property similar to the exclusion of gain on the sale of a principal residence. Excludes from gross income up to $500,000 ($250,000 in the case of a married individual filing a separate return), reduced by the aggregate amount of gain excluded for all preceding taxable years.
What's happening now January 8, 2003

Referred to the House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 2
All 2 Republican 2