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S 446 98th Congress Senate Agriculture and Food Accounting Acreage allotments Agricultural price supports Agricultural subsidies Agriculture and Rural Affairs Estate tax Family farms Farm production quotas Farms Income tax Payment-in-kind program Tax deferral Taxation Valuation

A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of agricultural commodities received under a payment-in-kind program

Introduced: February 3, 1983 See on congress.gov
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This bill died when the 98th Congress ended
It never became law before the 98th Congress (1983–1984) 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 5 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Feb 28, 1983
Subcommittee on Oversight of the IRS. Hearings held. Hearings printed: S.Hrg. 98-128.
Feb 28, 1983
Subcommittee on Energy and Agricultural Taxation. Hearings held. Hearings printed: S.Hrg. 98-128.
Feb 8, 1983
Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department.
Feb 3, 1983
Read twice and referred to the Committee on Finance.
Feb 3, 1983
Introduced in Senate
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to provide that for taxpayers who receive agricultural commodities under a Federal payment-in-kind program: (1) no income shall be treated as realized by receipt of such commodities; but, (2) any gain realized from the sale or exchange of such commodities shall be included in gross income and shall be treated as ordinary income.

Treates such commodities as commodities produced on acreage divested from agricultural use for purposes of the estate tax valuation of farm property.

What's happening now February 28, 1983

Subcommittee on Oversight of the IRS. Hearings held. Hearings printed: S.Hrg. 98-128.

 Related & companion bills 2
  • HR 1287 Identical bill A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of agricultural commodities receive…
  • HR 1536 Identical bill A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of agricultural commodities receive…
 Committees of jurisdiction 3
 Cosponsors 1
All 1 Republican 1
R
Grassley, Chuck
Iowa · Feb 3, 1983
Cite this page click to expand
APA
U.S. Congress. (2026). S. 446: A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of agricultural commodities received under a payment-in-kind program. 98th Congress. Open America. https://openamerica.io/bill/98-S-446/
MLA
"S. 446: A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of agricultural commodities received under a payment-in-kind program." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-S-446/.
Bluebook (legal)
S. 446, 98th Cong. (2026), https://openamerica.io/bill/98-S-446/.
Markdown link
[S. 446: A bill to amend the Internal Revenue Code of 1954 with respect to the tax treatment of agricultural commodities received under a payment-in-kind program](https://openamerica.io/bill/98-S-446/)
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