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HR 5840 96th Congress House

A bill to amend the Internal Revenue Code of 1954 to permit certain farmers to obtain the investment credit for used section 38 property acquired from a related party.

Introduced: November 8, 1979 See on congress.gov
Taxation Agriculture and Rural AffairsBusiness and commerceFarmsIncome tax
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Investment tax creditTax credits
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This bill died when the 96th Congress ended
It never became law before the 96th Congress (1979–1980) 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
Nov 8, 1979
Referred to House Committee on Ways and Means.
Nov 8, 1979
Introduced in House
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 Latest action November 8, 1979

Referred to House Committee on Ways and Means.

 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to permit farmers to obtain the investment tax credit for certain types of business property acquired from a related party.

 Committees of jurisdiction 1
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APA
U.S. Congress. (2026). H.R. 5840: A bill to amend the Internal Revenue Code of 1954 to permit certain farmers to obtain the investment credit for used section 38 property acquired from a related party.. 96th Congress. Open America. https://openamerica.io/bill/96-HR-5840/
MLA
"H.R. 5840: A bill to amend the Internal Revenue Code of 1954 to permit certain farmers to obtain the investment credit for used section 38 property acquired from a related party.." 96th Congress, 2026, Open America, https://openamerica.io/bill/96-HR-5840/.
Bluebook (legal)
H.R. 5840, 96th Cong. (2026), https://openamerica.io/bill/96-HR-5840/.
Markdown link
[H.R. 5840: A bill to amend the Internal Revenue Code of 1954 to permit certain farmers to obtain the investment credit for used section 38 property acquired from a related party.](https://openamerica.io/bill/96-HR-5840/)
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