HR 4008 · 100th Congress · Taxation

A bill to amend the Internal Revenue Code of 1986 to repeal the application of the uniform capitalization rules to farming businesses.

Introduced 1988-02-24· Sponsored by Rep. Schuette, Bill [R-MI-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Provisions of Measure Incorporated Into H.R.4333.(1988-11-10)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt from the required application of uniform inventory cost capitalization rules any plant or animal produced by a taxpayer in a farming business, regardless of the product's preproductive period.…

Summarized by Claude AI · Non-partisan · For informational purposes only

Cosponsors (18)

6 Democrats12 Republicans
Rep. Marlenee, Ron [R-MT-2]MT
Rep. Davis, Robert W. [R-MI-11]MI
Rep. Madigan, Edward R. [R-IL-15]IL
Rep. Traxler, Bob [D-MI-8]MI
Rep. Gunderson, Steve [R-WI-3]WI
Rep. Jeffords, James M. [R-VT-At Large]VT
Rep. Morrison, Sid [R-WA-4]WA
Rep. Penny, Timothy J. [D-MN-1]MN
Rep. Tallon, Robert M. (Robin) [D-SC-6]SC
Rep. Ravenel, Arthur, Jr. [R-SC-1]SC
Rep. Lancaster, H. Martin [D-NC-3]NC
Rep. Wolpe, Howard E. [D-MI-3]MI
Rep. Vander Jagt, Guy [R-MI-9]MI
Rep. Coleman, E. Thomas [R-MO-6]MO
Rep. Kildee, Dale E. [D-MI-7]MI
Rep. Lott, Trent [R-MS-5]MS
Rep. McMillan, J. Alex [R-NC-9]NC
Rep. Martin, Lynn M. [R-IL-16]IL