HR 5014 · 102th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that the one-time exclusion of gain from sale of a principal residence shall apply to a portion of the farmland on which the residence is located.

Introduced 1992-04-29· Sponsored by Sen. Dorgan, Byron L. [D-ND-None]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1992-04-29)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow a taxpayer to include up to 160 acres of farmland on which a residence is located in the one-time exclusion of gain from sale of a principal residence by an individual who has attained age 55.…

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

Cosponsors (20)

13 Democrats7 Republicans
Rep. Slattery, Jim [D-KS-2]KS
Rep. Synar, Mike [D-OK-2]OK
Rep. Perkins, Carl C. [D-KY-7]KY
Rep. Moody, Jim [D-WI-5]WI
Rep. Lightfoot, Jim [R-IA-5]IA
Rep. Peterson, Collin C. [D-MN-7]MN
Rep. Johnson, Tim [D-SD-At Large]SD
Rep. Horton, Frank J. [R-NY-29]NY
Rep. Penny, Timothy J. [D-MN-1]MN
Rep. English, Glenn [D-OK-6]OK
Rep. Solomon, Gerald B. H. [R-NY-24]NY
Rep. Towns, Edolphus [D-NY-11]NY
Rep. Jones, Walter B. [D-NC-1]NC
Rep. Coleman, E. Thomas [R-MO-6]MO
Rep. Poshard, Glenn [D-IL-22]IL
Rep. Bereuter, Doug [R-NE-1]NE
Rep. Nagle, Dave R, [D-IA-3]IA
Rep. Klug, Scott L. [R-WI-2]WI
Rep. Dingell, John D. [D-MI-16]MI
Rep. Barrett, Bill [R-NE-3]NE