HR 357 · 103th 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 1993-01-05· Sponsored by Rep. Slattery, Jim [D-KS-2]· 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.(1993-01-05)

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)

11 Democrats9 Republicans
Rep. Lightfoot, Jim [R-IA-3]IA
Rep. McHugh, John M. [R-NY-24]NY
Rep. Emerson, Bill [R-MO-8]MO
Rep. Towns, Edolphus [D-NY-10]NY
Rep. Brewster, Bill K. [D-OK-3]OK
Rep. Parker, Mike [D-MS-4]MS
Rep. Danner, Pat [D-MO-6]MO
Rep. Clayton, Eva M. [D-NC-1]NC
Rep. Kopetski, Mike [D-OR-5]OR
Rep. Rogers, Harold [R-KY-5]KY
Rep. Stupak, Bart [D-MI-1]MI
Rep. Poshard, Glenn [D-IL-19]IL
Rep. Solomon, Gerald B. H. [R-NY-22]NY
Rep. Obey, David R. [D-WI-7]WI
Rep. Klug, Scott L. [R-WI-2]WI
Rep. Inslee, Jay [D-WA-4]WA
Rep. Pombo, Richard W. [R-CA-11]CA
Rep. Clinger, William F., Jr. [R-PA-5]PA
Rep. Johnson, Tim [D-SD-At Large]SD
Rep. Fields, Jack [R-TX-8]TX