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HR 2339 98th Congress House Taxation Agricultural credit Agriculture and Rural Affairs Farm lands Federally-guaranteed loans Income tax Interest Tax exclusion

A bill to exclude from gross income, for purposes of Federal income tax, interest paid to sellers of agricultural land purchased with loans made by such sellers to certain farmers and ranchers and insured under the Consolidated Farm and Rural Development Act.

Introduced: March 24, 1983 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
Mar 24, 1983
Referred to House Committee on Ways and Means.
Mar 24, 1983
Introduced in House
 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to exclude from the gross income of a seller interest received on loans insured under the Consolidated Farm and Rural Development Act which are used for the purchase of agricultural land by certain farmers or ranchers.

What's happening now March 24, 1983

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1