HR 8028 · 96th Congress · Taxation
A bill to amend the Internal Revenue Code of 1954 to provide for nonrecognition of gain on the sale or exchange of farm property under rules similar to the rules for nonrecognition of gain on the sale or exchange of a principal residence.
Bill Progress
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Introduced2
Committee3
House Vote4
Senate5
EnactedLatest: Referred to House Committee on Ways and Means.(1980-08-26)
Plain Language Summary
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Amends the Internal Revenue Code to provide for the deferral of tax on the gain from the sale of property located in the United States which is used for the business of farming.…
Summarized by Claude AI · Non-partisan · For informational purposes only