S 3224 · 96th Congress · Taxation
Family Farm Preservation Act
Bill Progress
✓
Introduced2
Committee3
Senate Vote4
House5
EnactedLatest: Referred to Senate Committee on Finance.(1980-11-20)
Plain Language Summary
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Family Farm Preservation Act - Amends the Internal Revenue Code to require the inclusion in the unrelated business taxable income of an employee benefit plan of any gain from the sale or exchange of, and rents from, open land used for pasturage of livestock and farmland. Requires that deductions directly connected with such gain or rents be taken into account.…
Summarized by Claude AI · Non-partisan · For informational purposes only