HR 5840 · 96th Congress · Taxation

A bill to amend the Internal Revenue Code of 1954 to permit certain farmers to obtain the investment credit for used section 38 property acquired from a related party.

Introduced 1979-11-08· Sponsored by Rep. Nolan, Richard M. [D-MN-6]· House

Bill Progress

✓
Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1979-11-08)

Plain Language Summary

[AI summary unavailable — showing source text] Amends the Internal Revenue Code to permit farmers to obtain the investment tax credit for certain types of business property acquired from a related party.…

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