S 2966 · 95th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to increase the investment tax credit for qualified farm property to 15 percent, effective as of January 1, 1976.

Introduced 1978-04-20· Sponsored by Sen. Anderson, Wendell R. [D-MN]· Senate

Bill Progress

✓
Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1978-04-20)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to allow an investment tax credit for qualified farm property equal to 15 percent of the new investment.…

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