HR 1142 · 103th Congress · Taxation

Farmer Retirement Security Act

Introduced 1993-02-25· Sponsored by Rep. Costello, Jerry F. [D-IL-12]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1993-02-25)

Plain Language Summary

[AI summary unavailable — showing source text] Farmer Retirement Security Act - Amends the Internal Revenue Code to exclude from gross income gain from the sale or exchange of qualified farm property to the extent that the proceeds are paid into an individual retirement account. Establishes limitations on such rollover amounts per individual and per family. Denies an itemized deduction for such rollover amounts and exempts such amounts from limitations on contributions to individual retirement accounts.…

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

Cosponsors (20)

9 Democrats10 Republicans1 Independent
Rep. Johnson, Tim [D-SD-At Large]SD
Rep. Danner, Pat [D-MO-6]MO
Rep. McHugh, John M. [R-NY-24]NY
Rep. Sanders, Bernard [I-VT-At Large]VT
Rep. Gillmor, Paul E. [R-OH-5]OH
Rep. Lightfoot, Jim [R-IA-3]IA
Rep. Roth, Toby [R-WI-8]WI
Rep. Doolittle, John T. [R-CA-4]CA
Rep. Orton, Bill [D-UT-3]UT
Rep. Ewing, Thomas W. [R-IL-15]IL
Del. Norton, Eleanor Holmes [D-DC-At Large]DC
Rep. Solomon, Gerald B. H. [R-NY-22]NY
Rep. Gunderson, Steve [R-WI-3]WI
Rep. Penny, Timothy J. [D-MN-1]MN
Rep. Poshard, Glenn [D-IL-19]IL
Rep. Emerson, Bill [R-MO-8]MO
Rep. Obey, David R. [D-WI-7]WI
Rep. Durbin, Richard J. [D-IL-20]IL
Rep. Hastert, J. Dennis [R-IL-14]IL
Rep. Williams, Pat [D-MT-1]MT