SCONRES 119
99th Congress
Senate
Taxation
Agricultural credit
Agriculture and Rural Affairs
Congress and Members of Congress
Debtor and creditor
Income tax
Legislation
Tax exclusion
Expressing the sense of the Congress relating to an amendment to the Internal Revenue Code of 1954 excluding the discharge of qualified agricultural indebtedness from cancellation of indebtedness income.
Introduced: March 21, 1986
See on congress.gov
Everywhere this bill has been
3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
To President
Became law
Mar 27, 1986
Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department.
Mar 21, 1986
Referred to the Committee on Finance.
Mar 21, 1986
Introduced in Senate
Plain-English summary
Expresses the sense of the Congress that the Congress will consider, at the earliest opportunity, an amendment to the Internal Revenue Code excluding the discharge of qualified agricultural indebtedness from cancellation of indebtedness income in order to remove the disincentives to renegotiation of certain agricultural debts.
What's happening now
Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department.
Committees of jurisdiction
1
Cosponsors
1