HR 745 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to allow the investment tax credit for certain farm property purchased by an individual from an ancestor of the individual.

Introduced 1977-01-04· Sponsored by Rep. Baldus, Alvin J. [D-WI-3]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1977-01-04)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an individual an investment tax credit for farm and ranch equipment purchased from an ancestor or a closely held business of which an ancestor owns more than half.…

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