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HR 2134 99th Congress House Taxation Agriculture and Rural Affairs Corporations and Stocks Farm income Farms Income tax Tax deductions

A bill to amend the Internal Revenue Code of 1954 to limit the amount of farming losses which may offset other income.

Introduced: April 18, 1985 See on congress.gov
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This bill died when the 99th Congress ended
It never became law before the 99th Congress (1985–1986) 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
Apr 18, 1985
Referred to House Committee on Ways and Means.
Apr 18, 1985
Introduced in House
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 Plain-English summary Congressional Research Service

Amends the Internal Revenue Code to limit the deductions of a taxpayer attributable to farming to the sum of: (1) the gross income of such taxpayer from the trade or business of farming for such taxable year; plus (2) $25,000. Requires the non-farm taxable income of such taxpayer to have exceeded the taxpayer's farm income in five of the preceding seven years. Provides that where the taxpayer engages in more than one trade or business of farming, all such trade or businesses shall be treated as a single trade or business.

What's happening now April 18, 1985

Referred to House Committee on Ways and Means.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Democratic 1
D
Kaptur, Marcy
Ohio · May 23, 1985
Cite this page click to expand
APA
U.S. Congress. (2026). H.R. 2134: A bill to amend the Internal Revenue Code of 1954 to limit the amount of farming losses which may offset other income.. 99th Congress. Open America. https://openamerica.io/bill/99-HR-2134/
MLA
"H.R. 2134: A bill to amend the Internal Revenue Code of 1954 to limit the amount of farming losses which may offset other income.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-HR-2134/.
Bluebook (legal)
H.R. 2134, 99th Cong. (2026), https://openamerica.io/bill/99-HR-2134/.
Markdown link
[H.R. 2134: A bill to amend the Internal Revenue Code of 1954 to limit the amount of farming losses which may offset other income.](https://openamerica.io/bill/99-HR-2134/)
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