HR 548 · 101th Congress · Taxation

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

Introduced 1989-01-19· Sponsored by Rep. Schuette, Bill [R-MI-10]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1989-01-19)

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 sod and ornamental or crop-producing trees produced by the taxpayer in a farming business.…

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