HR 2537 · 106th Congress · Taxation

To amend the Internal Revenue Code of 1986 to exempt farm equipment and other property used in farming from the requirement that all gain on the sale of such property be recognized in the year of the sale.

Introduced 1999-07-15· Sponsored by Rep. Nethercutt, George R., Jr. [R-WA-5]· 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.(1999-07-15)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to exempt the installment sale of depreciable farm property from the requirement of year-of-sale gain (recapture) recognition.…

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

Cosponsors (3)

1 Democrat2 Republicans
Rep. Hostettler, John N. [R-IN-8]IN
Rep. Shows, Ronnie [D-MS-4]MS
Rep. Green, Mark [R-WI-8]WI