HR 2923 · 101th Congress · Taxation

To amend the Internal Revenue Code to extend the one year deferment of income from the sale of livestock on account of drought.

Introduced 1989-07-18· Sponsored by Rep. Smith, Virginia [R-NE-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-07-18)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code regarding accounting methods to extend from one year to three years the deferment of income from the sale of livestock on account of drought.…

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

Cosponsors (12)

4 Democrats8 Republicans
Rep. Dorgan, Byron L. [D-ND-At Large]ND
Rep. Brown, Hank [R-CO-4]CO
Rep. Johnson, Tim [D-SD-At Large]SD
Rep. Roberts, Pat [R-KS-1]KS
Rep. Marlenee, Ron [R-MT-2]MT
Rep. Lightfoot, Jim [R-IA-5]IA
Rep. Stenholm, Charles W. [D-TX-17]TX
Rep. Savage, Gus [D-IL-2]IL
Rep. Emerson, Bill [R-MO-8]MO
Rep. Vucanovich, Barbara F. [R-NV-2]NV
Rep. Bereuter, Doug [R-NE-1]NE
Rep. Davis, Robert W. [R-MI-11]MI