HR 1164 · 105th Congress · Taxation
Rural Environment Tax Credit Act
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to the House Committee on Ways and Means.(1997-03-20)
Plain Language Summary
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Rural Environment Tax Credit Act - Amends the Internal Revenue Code to allow taxpayers primarily engaged in a farming-related business an investment tax credit for a percentage of: (1) the costs of agricultural environmental property (as defined by this Act); and (2) the amount allowed as a deduction for soil and water conservation expenditures.…
Summarized by Claude AI · Non-partisan · For informational purposes only
Cosponsors (20)
4 Democrats16 Republicans