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HR 483 108th Congress House

Livestock Reinvestment Extension Act of 2003

Official title: To amend the Internal Revenue Code of 1986 to provide involuntary conversion tax relief for producers forced to sell livestock due to weather-related condition… Show full official titleShow less

Official title: To amend the Internal Revenue Code of 1986 to provide involuntary conversion tax relief for producers forced to sell livestock due to weather-related conditions or Federal land management agency policy or action, and for other purposes.

Introduced: January 29, 2003 Introduced by: Moran, Jerry Republican · Kansas See on congress.gov
Taxation Agriculture and FoodAnimalsCapital gains taxCommerce
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Corporation taxesDisaster reliefDroughtsEmergency ManagementEstates (Law)Farm landsFloodsGovernment Operations and PoliticsGovernment paperworkIncome taxLand transfersLand useLawLivestockPublic Lands and Natural Resources
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This bill died when the 108th Congress ended
It never became law before the 108th Congress (2003–2004) adjourned, and bills don't carry over to the next Congress. It would have to be reintroduced. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 2 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Jan 29, 2003
Referred to the House Committee on Ways and Means.
Jan 29, 2003
Introduced in House
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 Latest action January 29, 2003

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Livestock Reinvestment Extension Act of 2003 - Amends the Internal Revenue Code to allow farmers to delay the inclusion in income of the amount earned from the sale of excess livestock due to Federal land management policy or action or to severe weather conditions until the second year following the year in which the special circumstance ceased to exist.(present law allows for inclusion of such income in the year following a year of severe weather).

Sets forth new rules for drought designations. Modifies rules for replacement of involuntarily converted livestock, including to extend the replacement period (for both weather-related sales and sales forced by Federal policy) and to prescribe that an heir to an estate may replace such property within the required time frame.

Applies this Act to sales and exchanges made after December 31, 2000.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 483: Livestock Reinvestment Extension Act of 2003. 108th Congress. Open America. https://openamerica.io/bill/108-HR-483/
MLA
"H.R. 483: Livestock Reinvestment Extension Act of 2003." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-483/.
Bluebook (legal)
H.R. 483, 108th Cong. (2026), https://openamerica.io/bill/108-HR-483/.
Markdown link
[H.R. 483: Livestock Reinvestment Extension Act of 2003](https://openamerica.io/bill/108-HR-483/)
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