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S 527 98th Congress Senate

Payment In Kind Tax Clarification Act of 1983

Official title: 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 17, 1983 Introduced by: Grassley, Chuck Republican · Iowa See on congress.gov
Agriculture and Food AccountingAcreage allotmentsAgricultural cooperativesAgricultural credit
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Agricultural price supportsAgricultural subsidiesAgriculture and Rural AffairsEstate taxFamily farmsFarm production quotasFarmsIncome taxPayment-in-kind programTax deferralTax-exempt organizationsTaxationValuation
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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 4 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 17, 1983
Read twice and referred to the Committee on Finance.
Feb 17, 1983
Introduced in Senate
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 Latest action February 28, 1983

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

 Plain-English summary Congressional Research Service

Payment In Kind Tax Clarification Act of 1983 - 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. Sets forth rules for the tax treatment of commodities received under such a program involving repayment of Commodity Credit Corporation loans.

Specifies that farmers participating in a payment- in-kind program do not forfeit eligibility for the special use valuation provisions for farm property.

Specifies that tax-exempt farmers' cooperatives shall not forfeit tax-exempt status if such a cooperative markets any commodity received by, or on behalf of, a member participating in a payment-in-kind program.

 Committees of jurisdiction 3
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APA
U.S. Congress. (2026). S. 527: Payment In Kind Tax Clarification Act of 1983. 98th Congress. Open America. https://openamerica.io/bill/98-S-527/
MLA
"S. 527: Payment In Kind Tax Clarification Act of 1983." 98th Congress, 2026, Open America, https://openamerica.io/bill/98-S-527/.
Bluebook (legal)
S. 527, 98th Cong. (2026), https://openamerica.io/bill/98-S-527/.
Markdown link
[S. 527: Payment In Kind Tax Clarification Act of 1983](https://openamerica.io/bill/98-S-527/)
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