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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…

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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
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This resolution expired with the 99th Congress
It was not agreed to before the 99th Congress (1985–1986) adjourned, so it is no longer active. You can still save it for reference, but it won't receive updates.
 Everywhere this bill has been 3 steps
Introduced
In committee
Reported out
Passed House
Passed Senate
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
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 Plain-English summary Congressional Research Service

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 March 27, 1986

Committee on Finance requested executive comment from OMB, Treasury Department, Agriculture Department.

 Committees of jurisdiction 1
 Cosponsors 1
All 1 Republican 1
R
McConnell, Mitch
Kentucky · Mar 21, 1986
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APA
U.S. Congress. (2026). S. Con. Res. 119: 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.. 99th Congress. Open America. https://openamerica.io/bill/99-SCONRES-119/
MLA
"S. Con. Res. 119: 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.." 99th Congress, 2026, Open America, https://openamerica.io/bill/99-SCONRES-119/.
Bluebook (legal)
S. Con. Res. 119, 99th Cong. (2026), https://openamerica.io/bill/99-SCONRES-119/.
Markdown link
[S. Con. Res. 119: 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.](https://openamerica.io/bill/99-SCONRES-119/)
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