S 3224 · 96th Congress · Taxation

Family Farm Preservation Act

Introduced 1980-11-20· Sponsored by Sen. Baucus, Max [D-MT]· Senate

Bill Progress

Introduced
2
Committee
3
Senate Vote
4
House
5
Enacted
Latest: Referred to Senate Committee on Finance.(1980-11-20)

Plain Language Summary

[AI summary unavailable — showing source text] 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