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HR 927 108th Congress House

Farm and Ranch Risk Management Act

Official title: To amend the Internal Revenue Code of 1986 to provide for Farm and Ranch Risk Management Accounts, and for other purposes.

Introduced: February 26, 2003 See on congress.gov
Taxation Agricultural productionAgriculture and FoodCommerceExcise tax
More subjectsShow fewer subjects
Farm incomeFarmersFinance and Financial SectorFinancial statementsFisheriesFishing boatsGovernment Operations and PoliticsGovernment paperworkIncome taxLawMarine and coastal resources, fisheriesTax deductionsTax deferralTax exclusionTax penalties
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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
Feb 26, 2003
Referred to the House Committee on Ways and Means.
Feb 26, 2003
Introduced in House
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 Latest action February 26, 2003

Referred to the House Committee on Ways and Means.

 Plain-English summary Congressional Research Service
Farm and Ranch Risk Management Act - Amends the Internal Revenue Code to allow an individual engaged in an eligible farming or commercial fishing business a deduction for any taxable year of up to 20 percent of taxable income attributable to the eligible farming or commercial fishing business which was paid in cash by the taxpayer to a Farm and Ranch Risk Management Account (FARRM Account).

Includes distributions from a FARRM account in the taxpayer's gross income, and subjects to a special ten percent surtax any distributions not made within five years of contribution. Establishes a tax on excess contributions, but exempts the taxpayer from the tax on certain prohibited transactions.

 Bill text 1 version

Source documents hosted by congress.gov.

 Committees of jurisdiction 1
 Cosponsors 4
All 4 Democratic 1 Republican 3
R
Rogers, Harold
Kentucky · May 1, 2003
 D
Larsen, Rick
Washington · Mar 25, 2003
 R
Simpson, Michael K.
Idaho · Mar 25, 2003
 R
Wilson, Joe
South Carolina · Mar 25, 2003
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 927: Farm and Ranch Risk Management Act. 108th Congress. Open America. https://openamerica.io/bill/108-HR-927/
MLA
"H.R. 927: Farm and Ranch Risk Management Act." 108th Congress, 2026, Open America, https://openamerica.io/bill/108-HR-927/.
Bluebook (legal)
H.R. 927, 108th Cong. (2026), https://openamerica.io/bill/108-HR-927/.
Markdown link
[H.R. 927: Farm and Ranch Risk Management Act](https://openamerica.io/bill/108-HR-927/)
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