HR 12164 · 95th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to increase the limitations on the deduction of expenditures by farmers for clearing land.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1978-04-17)
Plain Language Summary
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Amends the Internal Revenue Code to increase the farmers' deduction for clearing land from the lesser of $5,000 or 25 percent of clearing expenses to the lesser of $12,000 or 100 percent of clearing expenses.…
Summarized by Claude AI · Non-partisan · For informational purposes only