HR 5197 · 97th Congress · Taxation

Drought Income Deferral Act of 1981

Introduced 1981-12-11· Sponsored by Rep. Roberts, Clint [R-SD-2]· House

Bill Progress

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Introduced
2
Committee
3
House Vote
4
Senate
5
Enacted
Latest: Referred to House Committee on Ways and Means.(1981-12-11)

Plain Language Summary

[AI summary unavailable — showing source text] Drought Income Deferral Act of 1981 - Amends the Internal Revenue Code to allow the Secretary of Agriculture, after consultation with the Secretary of the Treasury, to designate drought areas for purposes of allowing the special tax treatment for the proceeds from livestock sold on account of drought.…

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

Cosponsors (1)

1 Democrat
Rep. Hightower, Jack E. [D-TX-13]TX