HR 3251 · 104th Congress · Taxation

To amend the Internal Revenue Code of 1986 to expand the applicability of the first-time farmer exception.

Introduced 1996-04-16· Sponsored by Rep. Lightfoot, Jim [R-IA-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1996-04-16)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to treat the acquisition by a first-time farmer of land or personal property from a related person as not being an acquisition from a related person. Modifies the definition of "substantial farmland."…

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

Cosponsors (11)

3 Democrats8 Republicans
Rep. Leach, James A. [R-IA-1]IA
Rep. Nussle, Jim [R-IA-2]IA
Rep. Ganske, Greg [R-IA-4]IA
Rep. Latham, Tom [R-IA-5]IA
Rep. Johnson, Tim [D-SD-At Large]SD
Rep. Brewster, Bill K. [D-OK-3]OK
Rep. Barrett, Bill [R-NE-3]NE
Rep. Evans, Lane [D-IL-17]IL
Rep. Hefley, Joel [R-CO-5]CO
Rep. Hutchinson, Tim [R-AR-3]AR
Rep. Camp, Dave [R-MI-4]MI