HR 4596 · 105th Congress · Taxation

To amend the Internal Revenue Code of 1986 to provide that certain farming-related section 1231 gains and losses shall not be taken into account in determining whether a taxpayer is eligible for the earned income credit.

Introduced 1998-09-17· Sponsored by Rep. Smith, Nick [R-MI-7]· House

Bill Progress

Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to the House Committee on Ways and Means.(1998-09-17)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exclude certain farming-related gains and losses from eligibility determinations for the earned income credit.…

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

Cosponsors (2)

2 Republicans